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Urban Outfitters Bullish Moving Average Crossover Alert (URBN)

By David Diaz

Today, shares of Urban Outfitters (NASDAQ:URBN) have crossed bullishly above their 10-day moving average of $26.95 on a volume of 3.1 million 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.

Urban Outfitters share prices have moved between a 52-week high of $47.25 and a 52-week low of $19.26 and are now trading 42% above that low price at $27.41 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Urban Outfitters on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $29.51. Since that call, shares of Urban Outfitters have fallen 16.7%. 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