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Bearish Moving Average Cross by Urban Outfitters (URBN)

By James Quinn

Urban Outfitters (NASDAQ:URBN) shares have crossed bearishly below their 10-day moving average of $17.88 on a volume of 535K 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.

In the past 52 weeks, shares of Urban Outfitters have traded between a low of $16.19 and a high of $47.25 and are now at $17.77, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Urban Outfitters on November 29th, 2016 by issuing a Downtrend alert when the shares were trading at $32.38. Since that call, shares of Urban Outfitters have fallen 44.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Urban Outfitters

Ticker(s): URBN