United Development Funding IV (OTCMKTS:UDFI) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

United Development Funding IV (OTCMKTS:UDFIGet Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.40 and traded as low as $1.29. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.

United Development Funding IV Price Performance

The business’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.40.

United Development Funding IV Company Profile

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United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. United Development Funding IV was founded in 2008 and is headquartered in Grapevine, Texas.

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