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Upgrade Alert for UDR (UDR)

By Shiri Gupta

UDR (NYSE:UDR) was upgraded from Neutral to Buy at Mizuho today. The stock closed yesterday at $37.63 on volume of 1.4 million shares, below average daily volume of 1.7 million.

Over the past year, UDR has traded in a range of $30.03 to $38.61 and closed yesterday at $37.63, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

UDR (NYSE:UDR) is currently priced 1.5% above its average consensus analyst price target of $37.07. The stock should discover initial support at its 50-day moving average (MA) of $36.52 and subsequent support at its 200-day MA of $35.30.

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

SmarTrend recommended that subscribers consider buying shares of UDR on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.53. Since that recommendation, shares of UDR have risen 4.8%. We continue to monitor UDR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades

Ticker(s): UDR