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Look for Shares of Urban Outfitter to Potentially Rebound after Yesterday's 1.94% Sell Off

By James Quinn

Urban Outfitter (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $24.40 to a high of $24.86. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $24.43 on volume of 265,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Urban Outfitter. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Urban Outfitter in search of a potential trend change.

Urban Outfitter share prices have moved between a 52-week high of $39.54 and a 52-week low of $19.63 and are now trading 26% above that low price at $24.82 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Keywords: rebounders urban outfitter

Ticker(s): URBN