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Apartment Invest (AIV) Breaks Through Support at $51.04

By Nick Russo

Shares of Apartment Invest (NYSE:AIV) opened today below their pivot of $51.10 and have already reached the first level of support at $51.04. Investors may be interested in a cross of the next downside pivot targets of $50.97 and $50.84.

Apartment Invest share prices have moved between a 52-week high of $51.25 and a 52-week low of $38.62 and are now trading 32% above that low price at $51.01 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Based on a current price of $51.01, Apartment Invest is currently 12.5% above its average consensus analyst price target of $44.64. The stock should discover initial support at its 50-day moving average (MA) of $49.94 and subsequent support at its 200-day MA of $46.62.

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: pivot alerts apartment invest

Ticker(s): AIV