Learn to Evaluate Udr (UDR) using the Charts

September 24, 2021, 07:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Udr (NYSE: UDR) report below can help you understand how to do this. The trading plans for UDR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for UDR

• Buy UDR slightly over 52.41 target 54.65 stop loss @ 52.26 Details

The technical summary data tells us to buy UDR near 52.41 with an upside target of 54.65. This data also tells us to set a stop loss @ 52.26 to protect against excessive loss in case the stock begins to move against the trade. 52.41 is the first level of support below 53.98 , and by rule, any test of support is a buy signal. In this case, support 52.41 would be being tested, so a buy signal would exist.

• Short UDR under 54.65, target 52.41, stop loss @ 54.81 Details

The technical summary data is suggesting a short of UDR as it gets near 54.65 with a downside target of 52.41. We should have a stop loss in place at 54.81though. 54.65 is the first level of resistance above 53.98, and by rule, any test of resistance is a short signal. In this case, if resistance 54.65 is being tested, so a short signal would exist.

Swing Trading Plans for UDR

• Buy UDR slightly over 54.11, target 54.65, Stop Loss @ 53.95 Details

If 54.11 begins to break higher, the technical summary data tells us to buy UDR just slightly over 54.11, with an upside target of 54.65. The data also tells us to set a stop loss @ 53.95 in case the stock turns against the trade. 54.11 is the first level of resistance above 53.98, and by rule, any break above resistance is a buy signal. In this case, 54.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short UDR near 54.11, target 53.06, Stop Loss @ 54.27. Details

The technical summary data is suggesting a short of UDR if it tests 54.11 with a downside target of 53.06. We should have a stop loss in place at 54.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for UDR

• Buy UDR slightly over 54.11, target 54.65, Stop Loss @ 53.98 Details

If 54.11 begins to break higher, the technical summary data tells us to buy UDR just slightly over 54.11, with an upside target of 54.65. The data also tells us to set a stop loss @ 53.98 in case the stock turns against the trade. 54.11 is the first level of resistance above 53.98, and by rule, any break above resistance is a buy signal. In this case, 54.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short UDR near 54.11, target 53.68, Stop Loss @ 54.24. Details

The technical summary data is suggesting a short of UDR if it tests 54.11 with a downside target of 53.68. We should have a stop loss in place at 54.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

UDR Ratings for September 24:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	52.41
P2	53.68	53.06	54.65
P3	54.50	54.11	56.98

Support and Resistance Plot Chart for UDR

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