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Avalonbay Commun Falls 1.82% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Avalonbay Commun (NYSE:AVB) traded in a range yesterday that spanned from a low of $200.41 to a high of $203.84. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $201.40 on volume of 125,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Avalonbay Commun have traded between a low of $156.93 and a high of $204.53 and are now at $201.20, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

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

Keywords: rebounders avalonbay commun

Ticker(s): AVB