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Shares of Urban Outfitter Rise to a New 52-Week High

By Amy Schwartz

Urban Outfitter (NASDAQ:URBN) traded today at a new 52-week high of $48.24. This new high was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

Based on a current price of $47.98, Urban Outfitter is currently 17.8% above its average consensus analyst price target of $39.43. Urban Outfitter shares have support at the 50-day moving average (MA) of $40.85 and additional support at the 200-day MA of $32.72.

Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company's Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women's casual wear which it provides to the Company's retail operations and sells to retailers worldwide.

In the past 52 weeks, shares of Urban Outfitter have traded between a low of $16.19 and a high of $48.24 and are now at $47.98, which is 196% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.5%.

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 31.8%. We continue to monitor URBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows urban outfitter

Ticker(s): URBN