• Return to Headlines

AvalonBay Communities Bullish Moving Average Crossover Alert (AVB)

By Amy Schwartz

AvalonBay Communities (NYSE:AVB) shares have crossed bullishly above their 10-day moving average of $192.07 on a volume of 140K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of AvalonBay Communities have traded between a low of $158.32 and a high of $194.11 and are now at $192.42, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of AvalonBay Communities on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.71. Since that recommendation, shares of AvalonBay Communities have risen 6.9%. We continue to monitor AVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses avalonbay communities

Ticker(s): AVB