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Shares of Apartment Invest Rise Above Previous 52-Week High

By Nick Russo

Shares of Apartment Invest (NYSE:AIV) traded today at $54.13, breaking its 52-week high. This new high was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500.

In the past 52 weeks, shares of Apartment Invest have traded between a low of $41.90 and a high of $54.13 and are now at $54.11, which is 29% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 0.60% higher over the past week, respectively.

Based on a current price of $54.11, Apartment Invest is currently 17.5% above its average consensus analyst price target of $44.64. The stock should find initial support at its 50-day moving average (MA) of $51.60 and further support at its 200-day MA of $50.09.

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: 52 week high/lows apartment invest

Ticker(s): AIV