Wednesday, January 14, 2015

Avalon Bay Communities - Barchart's Chart of the Day

Avalon Bay Communities (AVB) is the Barchart Chart of the Day.  The upscale apartment REIT has  Trend Spotter buy signal, a Weighted Alpha of 47.40+, gained 45.28% in the last year and paid a 2.65% dividend.

The Chart of the Day belongs to Avalon Bay Communities (AVB).  I found the stock by sorting the All Time High list for the stocks with most frequent  new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/14 the stock gained 17.85%.

AvalonBay Communities, Inc. is a real estate investment trust. They focus on the ownership and operation of upscale apartment communities in high barrier-to-entry markets of the United States. These markets include Northern and Southern California and selected states in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest regions of the country.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 an d100 day moving averages
  • 12 new highs and up 8.52% in the last month
  • Relative Strength Index 75.68%
  • Barchart computes a technical support level at 172.42
  • Recently traded at 176.85 with a 50 day moving average of 163.27
Fundamental factors:
  • Market Cap $23.31 billion
  • P/E 24.62
  • Dividend yield 2.65%
  • Revenue expected to grow 15.10% this year and another 9.50% next year
  • Earnings estimated to increase by 42.80% this year, an additional 2.90% next year and continue to compound at an annual rate of 12.57% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 8 buy and 10 hold recommendation on this stock
The 50-100 Day MACD Oscillator has been an extremely good technical trading strategy on this stock and should continue to be used for enter and exit points.

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