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Shares of Udr Inc Rise to a New 52-Week High

By Nick Russo

Udr Inc (NYSE:UDR) traded today at a new 52-week high of $48.01. This new high was reached on below average trading volume as 199,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, shares of Udr Inc have traded between a low of $37.87 and a high of $48.01 and are now at $48.01, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

Udr Inc (NYSE:UDR) is currently priced 19.3% above its average consensus analyst price target of $38.75. The stock should discover initial support at its 50-day moving average (MA) of $46.19 and subsequent support at its 200-day MA of $44.00.

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