Trade Idea: BRE Properties Inc. (BRE) VS Avalonbay Communities Inc. (AVB)

Here’s a quick technical trade idea for a couple tightly correlated residential REITs as a pairs trade: long $BRE BRE Properties Inc. and short $AVB Avalonbay Communities Inc.

Be careful with $AVB making a new 52-wk high without $BRE.  This would signal to me that the trade is broken.

 


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