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Bearish Moving Average Cross by Urban Outfitter (URBN)

By Shiri Gupta

Today, shares of Urban Outfitter (NASDAQ:URBN) have crossed bearishly below their 10-day moving average of $29.31 on a volume of 313K shares. This may provide swing traders with an opportunity 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 $28.51 to $52.50 and is now at $29.18, 2% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Urban Outfitter on November 16th, 2018 by issuing a Downtrend alert when the shares were trading at $37.15. Since that call, shares of Urban Outfitter have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses urban outfitter

Ticker(s): URBN