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Bearish Moving Average Cross by Urban Outfitter (URBN)

By Amy Schwartz

Urban Outfitter (NASDAQ:URBN) crossed under its 10-day moving average of $38.95 on a volume of 403K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Urban Outfitter has traded in a range of $16.19 to $40.80 and is now at $38.81, 140% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Urban Outfitter on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.35. Since that recommendation, shares of Urban Outfitter have risen 8.5%. We continue to monitor URBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses urban outfitter

Ticker(s): URBN