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After Yesterday's Decline of 3.88%, Urban Outfitter Offers Investors Better Value

By Shiri Gupta

Urban Outfitter (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $43.38 to a high of $45.43. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $44.62 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Urban Outfitter share prices have moved between a 52-week high of $48.24 and a 52-week low of $16.19 and are now trading 169% above that low price at $43.55 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.7%.

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 24.9%. We continue to monitor URBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders urban outfitter

Ticker(s): URBN