One of today's stocks on the move is UDR (NYSE:UDR), up 1.3% to $33.15. The S&P is trading fractionally higher to 2,101 and the Dow is trading fractionally higher to 17,989.
UDR has overhead space with shares priced $33.15, or 2.4% below the average consensus analyst price target of $33.97. The stock should discover initial support at its 50-day moving average (MA) of $32.94 and subsequent support at its 200-day MA of $30.76.
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 $35.50 and a 52-week low of $25.26 and are now trading 31% above that low price at $33.15 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.07% lower over the past week, respectively.