UDR approaching all-time-highs with tonnes of buying pressure

2021년 7월 9일

UDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green.

Taking a look at the volume coming in, it seems like it will break in the coming week.

Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before.

Final thoughts:
* Strong up-trend with tonnes of volume
* Approaching February 2020 all-time-highs
* Great long term hold as REITs pay out generous dividends

Trade Idea
* This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal.

* A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point

2021년 7월 12일

노트

UDR broke out on Friday and retested the broken resistance as support.

2021년 7월 16일

노트

Doing well so far and is maintaining volume.