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Udr Inc Bearish Moving Average Crossover Alert (UDR)

By Nick Russo

Udr Inc (NYSE:UDR) shares have crossed bearishly below their 10-day moving average of $40.13 on a volume of 190K shares. Swing traders may find 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 $40.67 and a 52-week low of $32.88 and are now trading 22% above that low price at $40.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Udr Inc on May 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.38. Since that recommendation, shares of Udr Inc have risen 11.6%. 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