See how the Rounding Bottom is playing out for UDR. View live chart.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Market participants tracking UDR, Inc. should note the latest formation. With a last close of $37.46, volatility remains active (-0.99%). The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 30.1/100, suggesting moderate momentum. A potential breakout level is identified at $37.93, targeting $42.79 with support near $35.5 (R:R 2.0).
What is your outlook on UDR?