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Avalonbay Commun Falls 1.89% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Avalonbay Commun (NYSE:AVB) traded in a range yesterday that spanned from a low of $152.56 to a high of $158.36. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $157.05 on volume of 269,000 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, shares of Avalonbay Commun have traded between a low of $118.17 and a high of $229.40 and are now at $154.27, which is 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.7%.

Keywords: rebounders avalonbay commun

Ticker(s): AVB