Golden Cross Appears Before UDR Investors
Portfolio Pulse from Benzinga Insights
A golden cross has formed on UDR's chart, which could be bullish for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a potential change in the long-term trend. UDR is trading around $43.07 at publication time.

June 20, 2023 | 2:48 pm
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UDR's chart shows a golden cross, which could indicate a bullish trend for the stock. The stock is trading around $43.07.
The golden cross is a technical indicator that occurs when a stock's 50-day moving average crosses above its 200-day moving average. This is generally considered a bullish signal, as it suggests that the stock's short-term momentum is increasing relative to its long-term momentum. In the case of UDR, the formation of a golden cross could indicate a positive trend for the stock in the short term. However, it's important to note that seasoned investors don't blindly trade golden crosses and consider other factors like price levels and company fundamentals.
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