UDR - Long set up - weekly charts
UDR, Inc. is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy. The Non-Mature Communities/Other segment include recently acquired, developed and redeveloped communities and the non-apartment components of mixed use properties.
From the technical scanning standpoint, this chart pops up for 2 very critical reasons.
1. Bollinger Band squeeze on Daily charts and price very close to its 20 Day moving Average and
2. On weekly charts, price sitting right on its 20 week MA. (basis of the Bollinger Band)
More like a Bull flag set up on the weekly charts. Looks bullish with RSI popping upwards too In the bulls control zone
Great move up and then this pullback on weekly charts, just looks a great setup with Good risk to reward.
From the sector correlation perspective, some important considerations are as below:
1. There are nearly 256 stocks in the real estate sector
2. As on the close of today, 201 stocks are above their 5 Day Moving Average, which is a strength score of 76%
3. As on close today, nearly 68% of the total stocks are above their 20 Day Moving Average, which to me is a positive sign of upside trend
4. Today, nearly 81% of the total stocks in this sector had a positive day, higher close than yesterdays close, that is a sign of sector strength
5. Average Price target by analysts at $58.40, still a potential 10% upside from current levels
From the technical scanning standpoint, this chart pops up for 2 very critical reasons.
1. Bollinger Band squeeze on Daily charts and price very close to its 20 Day moving Average and
2. On weekly charts, price sitting right on its 20 week MA. (basis of the Bollinger Band)
More like a Bull flag set up on the weekly charts. Looks bullish with RSI popping upwards too In the bulls control zone
Great move up and then this pullback on weekly charts, just looks a great setup with Good risk to reward.
From the sector correlation perspective, some important considerations are as below:
1. There are nearly 256 stocks in the real estate sector
2. As on the close of today, 201 stocks are above their 5 Day Moving Average, which is a strength score of 76%
3. As on close today, nearly 68% of the total stocks are above their 20 Day Moving Average, which to me is a positive sign of upside trend
4. Today, nearly 81% of the total stocks in this sector had a positive day, higher close than yesterdays close, that is a sign of sector strength
5. Average Price target by analysts at $58.40, still a potential 10% upside from current levels
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