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After Yesterday's Decline of 1.84%, Avalonbay Commun Offers Investors Better Value

By Nick Russo

Avalonbay Commun (NYSE:AVB) traded in a range yesterday that spanned from a low of $182.17 to a high of $185.38. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $182.88 on volume of 246,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Avalonbay Commun on June 1st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.87. Since that recommendation, shares of Avalonbay Commun have risen 12.0%. We continue to monitor AVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Avalonbay Commun has traded in a range of $152.65 to $188.91 and is now at $182.52, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: rebounders avalonbay commun

Ticker(s): AVB