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Shares of Udr Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Udr Inc (NYSE:UDR) traded at a new 52-week high today of $50.40. This new high was reached on below average trading volume as 90,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Udr Inc (NYSE:UDR) is currently priced 22.9% above its average consensus analyst price target of $38.75. The stock should find initial support at its 50-day moving average (MA) of $48.51 and further support at its 200-day MA of $45.92.

Over the past year, Udr Inc has traded in a range of $38.14 to $50.40 and is now at $50.24, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

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

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: 52 week high/lows udr inc

Ticker(s): UDR