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SmarTrend Watching for Potential Rebound in Shares of Urban Outfitter After 1.87% Loss

By Nick Russo

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.

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.

In the past 52 weeks, shares of Urban Outfitter have traded between the current low of $28.74 and a high of $52.50 and are now at $28.80. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.

Keywords: rebounders urban outfitter

Ticker(s): URBN