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UDR Shares Climbing Higher, Up 1.8%

Published on Tue, 07/09/2013 - 15:31
By Adrienne Chilton

One of today's stocks on the move is UDR (NYSE:UDR), up 1.8% to $25.77. The Dow Jones Industrial Average is now trading 0.5% higher to 15,300 and the S&P is trading 0.7% higher to 1,652.

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

UDR has overhead space with shares priced $25.77, or 3.1% below the average consensus analyst price target of $26.60. The stock should find initial support at its 50-day moving average (MA) of $24.96 and further support at its 200-day MA of $24.33.

Over the past year, UDR has traded in a range of $22.18 to $27.75 and is now at $25.77, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

By Adrienne Chilton