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Possible Bullish Inside Day Candle Pattern Detected for Udr Inc (NYSE:UDR)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Udr Inc (NYSE:UDR) based on the price action in the company's shares. Yesterday's price range of $46.07 and $46.69 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Udr Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, shares of Udr Inc have traded between a low of $37.87 and a high of $47.69 and closed yesterday at $46.57, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

UDR, Inc. is a self-administered real estate investment trust. The Company owns, operates, and develops apartment communities located nationwide.

Udr Inc (NYSE:UDR) is currently priced 16.8% above its average consensus analyst price target of $38.75. Udr Inc shares have support at the 50-day moving average (MA) of $46.06 and additional support at the 200-day MA of $43.80.

SmarTrend is tracking the current trend status for Udr Inc and will alert subscribers who have UDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle udr inc

Ticker(s): UDR