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AvalonBay Communities Bullish Moving Average Crossover Alert (AVB)

By James Quinn

Today, shares of AvalonBay Communities (NYSE:AVB) have advanced above their 10-day MA of $194.54 on a volume of 120K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, AvalonBay Communities share prices have been bracketed by a low of $158.32 and a high of $199.52 and are now at $195.17, 23% above that low price. Over the past week, 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 8.4%. 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