...The technical condition of the AVB is strong. The chart pattern suggests that upward momentum should
continue and the stock is positioned for higher prices.
The stock has outperformed the market over the last 50 trading days when compared to the S&P 500. MACD-LT, an intermediate-term trend indicator, is bullish at this time.
Chart formation indicates a strong rising trend. Upside momentum, as measured by the 9-day RSI indicator is
Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that AVB is under accumulation, which is a bullish condition.
The stock is trading above a rising 50-day moving average. This validates the strong technical condition for AVB. The stock is above its 200-day moving average which is pointed up indicating that the intermediate term trend is bullish...
Aug. 3 2015-
According to the Wall Street Journal, data released recently by the Commerce Department indicates that markets experiencing the fastest pace of growth this year derived half of their construction activity from multifamily residences. This conclusion was arrived at after taking into account the 10 U.S. markets experiencing the highest level of construction activity.
With 149.4% growth in the first half of the year, New York experienced the fastest pace of growth in the number of building permits. In the New York metro area, 90% of residential permits granted during 1H15 were for large multifamily properties. This is a considerably larger proportion compared to the same period last year, when such permits accounted for 71% of all those granted.