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Avalon

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
NYSE:AVBLong
by DocKaz