• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Apartment Invest (NYSE:AIV)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Apartment Invest (NYSE:AIV) based on the price action in the company's shares. Today's price range of $50.83 and $50.97 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Apartment Invest may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Apartment Invest (NYSE:AIV) is currently priced 12.3% above its average consensus analyst price target of $44.64. Apartment Invest shares have support at the 50-day moving average (MA) of $50.64 and additional support at the 200-day MA of $48.73.

Apartment Investment & Management Company is a self-administered and self-managed real estate investment trust. The trust owns a geographically diversified portfolio of multifamily apartment properties in the United States, the District of Columbia, and Puerto Rico. Apartment Investment also provides property management and asset management services.

In the past 52 weeks, Apartment Invest share prices have been bracketed by a low of $41.73 and a high of $52.49 and are now at $50.89, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Apartment Invest and will alert subscribers who have AIV in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle apartment invest

Ticker(s): AIV