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Watch for Avalonbay Commun to Potentially Rebound After Falling 1.82% Yesterday

By Shiri Gupta

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.

Over the past year, Avalonbay Commun has traded in a range of $156.93 to $204.53 and is now at $201.20, 28% above that low. 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