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After Yesterday's Rally of 1.24% Shares Could Potentially Pullback

By Nick Russo

Mid-America Apartment Communities (NYSE:MAA) traded in a range yesterday that spanned from a low of $102.35 to a high of $104.26. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $103.22 on volume of 202,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Mid-America Apartment Communities and will alert subscribers who have MAA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Mid-America Apartment Communities share prices have been bracketed by a low of $72.51 and a high of $104.23 and are now at $104.07, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

Keywords: rebounders mid-america apartment communities

Ticker(s): MAA