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SmarTrend Watching for Potential Rebound in Shares of Avalonbay Commun After 1.37% Loss

By Nick Russo

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.

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.

In the past 52 weeks, shares of Avalonbay Commun have traded between a low of $167.01 and a high of $216.80 and are now at $207.17, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Keywords: rebounders avalonbay commun

Ticker(s): AVB