Shares of UDR Inc. (NYSE:UDR) traded today at $49.48, eclipsing its 52-week high. So far today approximately 144,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Over the past year, UDR Inc. has traded in a range of $37.99 to $49.48 and is now at $49.34, 30% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.
UDR Inc. (NYSE:UDR) is currently priced 21.5% above its average consensus analyst price target of $38.75. The stock should find initial support at its 50-day moving average (MA) of $48.04 and further support at its 200-day MA of $45.46.
UDR, Inc. is a self-administered real estate investment trust. The Company owns, operates, and develops apartment communities located nationwide.
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