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Technical Analysis
- 11/19/2009 8:56:08 AM
By Chip Brian, SmarTrend Analytics Team
AvalonBay Communities (NYSE:AVB) upgraded to Outperform at RBC. The stock closed yesterday at $73.70 on volume of 1,153,066 shares, below average daily volume of 1,675,320.
AvalonBay Communities is currently above its 50-day moving average of $71.99 and above its 200-day moving average of $59.22.
SmarTrend is bullish on shares of AVB and our subscribers received an Uptrend alert on July 27, 2009 at $58.14, which has returned 26.8% to date.
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