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Urban Outfitter Bearish Moving Average Crossover Alert (URBN)

By James Quinn

Today, shares of Urban Outfitter (NASDAQ:URBN) have crossed bearishly below their 10-day moving average of $28.77 on a volume of 218K 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.

Urban Outfitter share prices have moved between a 52-week high of $41.77 and a 52-week low of $19.63 and are now trading 45% above that low price at $28.40 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.1%.

SmarTrend is tracking the current trend status for Urban Outfitter and will alert subscribers who have URBN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses urban outfitter

Ticker(s): URBN