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Avalonbay Commun Set to Possibly Rebound After Yesterday's Selloff of 1.37%

By David Diaz

Avalonbay Commun (NYSE:AVB) traded in a range yesterday that spanned from a low of $206.66 to a high of $208.70. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $207.00 on volume of 304,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Avalonbay Commun share prices have been bracketed by a low of $167.01 and a high of $216.80 and are now at $207.17, 24% 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 monitoring the recent change of momentum in Avalonbay Commun. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Avalonbay Commun in search of a potential trend change.

Keywords: rebounders avalonbay commun

Ticker(s): AVB