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Bullish Moving Average Cross by Urban Outfitters (URBN)

By Nick Russo

Urban Outfitters (NASDAQ:URBN) crossed over its 10-day moving average of $22.55 on a volume of 419K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Urban Outfitters share prices have been bracketed by a low of $19.26 and a high of $47.25 and are now at $22.67, 18% above that low price. The 200-day and 50-day moving averages have moved 0.45% lower and 0.59% higher over the past week, respectively.

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 30.7%. 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