Avalon Bay Communities, Inc. stock trades under the ticker AVB & has shown recent bullish behavior that traders & investors should research further into.
AVB stock closed at $167.11/share on 11/11/2022.
Avalon Bay Communities, Inc. AVB Stock’s Technical Performance Broken Down
AVB Stock Price: $167.11
10 Day Moving Average: $168.00
50 Day Moving Average: $182.42
200 Day Moving Average: $208.37
MACD: -4.532
RSI: 43.57
On Friday, AVB stock completed a bullish MACD crossover, despite closing down 2.74%.
Recent trading volumes have been above average compared to the year prior, and their RSI is on the oversold side of neutral, signaling that there may be more momentum to come in the near-term.
AVB stock has support at the $158.35/share price level, as they try to break above the $168.05 & $170.15/share resistance levels.
Avalon Bay Communities, Inc. AVB Stock As A Long-Term Investment
Investors interested in AVB for the long-term will like their valuation metrics, with an 18.3 P/E (ttm) & a 2.01 P/B (mrq).
They recently reported 20.7% Quarterly Revenue Growth Y-o-Y, with 526.9% Quarterly Earnings Growth Y-0-Y.
Their balance sheet will require some additional research though, with $230.32M of Total Cash (mrq) & $8.18B of Total Debt (mrq).
AVB stock pays a 3.7% dividend, however it may not be sustainable in the long-run, as their payout ratio is 72.3%.
94.41% of AVB stock’s outstanding share float is owned by institutional investors.
Avalon Bay Communities, Inc. AVB Stock As A Short-Term Trade Using Options
Short-term oriented traders can trade options to profit from movements in AVB stock’s price, while hedging against broader market volatility.
I am looking at the contracts with the 12/16 expiration date.
The $165, $160 & $150 call options are all in-the-money, with the former being more liquid than the latter strikes.
The $170, $175 & $190 puts are also all in-the-money, listed from highest to lowest level of open interest per strike.
Tying It All Together
AVB stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics & recent reported growth metrics, but may want to look deeper into their balance sheet.
Traders will like their recent technical performance.
Overall, it is worth taking a closer look into AVB stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AVB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***