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Next Support Level for Avalonbay Commun (AVB) is $198.64

By Nick Russo

Avalonbay Commun (NYSE:AVB) has opened bearishly below the pivot of $199.67 today and has reached the first level of support at $199.27. Investors may be interested in a cross of the next downside pivot targets of $198.64 and $197.61.

Avalonbay Commun (NYSE:AVB) is currently priced 7.6% above its average consensus analyst price target of $184.00. The stock should find initial support at its 50-day moving average (MA) of $192.47 and further support at its 200-day MA of $181.66.

Over the past year, Avalonbay Commun has traded in a range of $156.40 to $201.81 and is now at $199.09, 27% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Avalonbay Commun on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $182.85. Since that recommendation, shares of Avalonbay Commun have risen 9.2%. We continue to monitor AVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts avalonbay commun

Ticker(s): AVB