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Watch for Avalonbay Commun to Potentially Rebound After Falling 1.12% Yesterday

By Nick Russo

Avalonbay Commun (NYSE:AVB) traded in a range yesterday that spanned from a low of $182.14 to a high of $187.77. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $185.68 on volume of 406,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Avalonbay Commun share prices have been bracketed by a low of $158.32 and a high of $199.52 and are now at $186.03, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Keywords: rebounders avalonbay commun

Ticker(s): AVB