Barchart.com's Chart of the Day - Avalonbay Communities (AVB)

Read today’s promising find and trading idea for the stock market.

The Chart of the Day belongs to the Avalonbay Communities (AVB). I found the stock by using Barchart.com to find “Barchart New Highs” page and then I clicked on pull-down to select stocks with new 3-month highs. I then viewed the stocks on the list with the FlipCharts feature. Avalonbay on Friday extended the month-long rally to post a new 3-month high, taking out Tuesday’s previous 3-month high.

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.