• Return to Headlines

Look for Shares of Urban Outfitter to Potentially Rebound after Yesterday's 1.87% Sell Off

By David Diaz

Urban Outfitter (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $28.74 to a high of $28.80. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $28.95 on volume of 800,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Urban Outfitter share prices have been bracketed by a current low of $28.74 and a high of $52.50 and are now at $28.80. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Urban Outfitter on November 16th, 2018 by issuing a Downtrend alert when the shares were trading at $37.15. Since that call, shares of Urban Outfitter have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders urban outfitter

Ticker(s): URBN