Sellers Reduce Exposure to Shares of UDR on 1.4x Above-Average Volume (UDR)

Published on Wed, 08/19/2015 - 13:06
By Peter Chu in Unusual volume, UDR, nyse:udr, udr, unusual volume

UDR's stock is down 1.8% to $35.03 on heavy trading volume. Today's volume of 2.1 million shares tops the average 30-day volume of 1.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

UDR has overhead space with shares priced $35.03, or 1.1% below the average consensus analyst price target of $35.42. UDR shares have support at the 50-day moving average (MA) of $33.38 and additional support at the 200-day MA of $32.56.

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

UDR share prices have moved between a 52-week high of $35.68 and a 52-week low of $26.97 and are now trading 30% above that low price at $35.03 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

By Peter Chu
pchu@fnno.com

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