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After Yesterday's Decline of 4.00%, Urban Outfitter Offers Investors Better Value

By Shiri Gupta

Urban Outfitter (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $42.46 to a high of $44.42. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $43.65 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 21.7%. We continue to monitor URBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Urban Outfitter share prices have been bracketed by a low of $16.19 and a high of $52.50 and are now at $42.62, 163% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.2%.

Keywords: rebounders urban outfitter

Ticker(s): URBN