UDR Inc. (UDR) PriceWatch Alert Support Down To $9.75

Posted: Monday, July 06, 2009 8:07 AM EDT

UDR Inc. (NYSE: UDR) closed yesterday at $10.10. So far the stock has hit a 52-week low of $6.73 and 52-week high of $28.50. UDR stock has been showing support around 9.75 and resistance in the 10.71 range. Technical indicators for the stock are Bullish and S&P gives UDR a neutral 3 STAR (out of 5) hold rating. UDR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 10 covered call (UDR AB) for a net debit in the $8.95 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 11.39% downside protection and an 11.73% assigned return rate for a 22.07% annualized return rate (comparison purposes only). UDR has a current annual dividend yield of 12.15%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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