UDR (UDR) Roof Leaking Today

Trade-Ideas LLC identified UDR ( UDR) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified UDR as such a stock due to the following factors:

  • UDR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $53.1 million.
  • UDR has traded 630,579 shares today.
  • UDR is trading at 2.98 times the normal volume for the stock at this time of day.
  • UDR crossed below its 200-day simple moving average.

'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend.

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More details on UDR:

UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The stock currently has a dividend yield of 3.2%. UDR has a PE ratio of 35. Currently there are 2 analysts that rate UDR a buy, 2 analysts rate it a sell, and 9 rate it a hold.

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