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Bearish Moving Average Cross by Urban Outfitter (URBN)

By Nick Russo

Urban Outfitter (NASDAQ:URBN) crossed under its 10-day moving average of $23.53 on a volume of 585K 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 $22.19 to $52.50 and is now at $23.08, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Urban Outfitter on April 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $29.88. 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