In trading on Wednesday, shares of AvalonBay Communities, Inc. (Symbol: AVB) crossed below their 200 day moving average of $177.49, changing hands as low as $176.05 per share. AvalonBay Communities, Inc. shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of AVB shares, versus its 200 day moving average:
Looking at the chart above, AVB's low point in its 52 week range is $158.72 per share, with $192.29 as the 52 week high point - that compares with a last trade of $176.10.
According to the ETF Finder at ETF Channel, AVB makes up 8.03% of the iShares Residential Real Estate Capped ETF (Symbol: REZ) which is trading lower by about 0.4% on the day Wednesday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.