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Bearish Moving Average Cross by Udr Inc (UDR)

By Shiri Gupta

Today, shares of Udr Inc (NYSE:UDR) have fallen below their 10-day MA of $48.24 on a volume of 265K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Udr Inc share prices have moved between a 52-week high of $49.07 and a 52-week low of $37.87 and are now trading 26% above that low price at $47.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Udr Inc on July 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.72. Since that recommendation, shares of Udr Inc have risen 3.7%. We continue to monitor UDR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses udr inc

Ticker(s): UDR