Avalonbay Communities (AVB) reversal incoming!

Trade plan:

Buy long - $220-$225

Stop loss - $214

Target - $240 resistance 




AvalonBay Communities (AVB) -

For the six months ended 30 June 2021, AvalonBay Communities Inc revenues decreased 6% to $1.11B. Net income applicable to common stockholders increased 74% to $588.9M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total decrease of 13% to $1.96. Net income reflects Development/Redevelopment segment income increase from$7.1M to $20M, Other Stablized segment income increase of 11% to $36M.

Wells Fargo analyst Tammi Fique maintains AvalonBay Communities (NYSE:AVB) with a Overweight and raises the price target from $225 to $242.

According to 10 analyst offering 12-month price targets in the last 3 months, AvalonBay Communities has an average price target of $236.1 with a high of $285.00 and a low of $218.00.


AVB has been on a decline for the past month but has been in trending up for approximately 1 year.
It has reached support at $220
Resistance is at $240
Buyers at all time low since April '20 but recently demonstrated buyers stepping up