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Urban Outfitter Set to Possibly Pullback After Yesterday's Rally of 3.58%

By Shiri Gupta

Urban Outfitter (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $41.00 to a high of $42.51. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $41.03 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Urban Outfitter share prices have moved between a 52-week high of $42.51 and a 52-week low of $16.19 and are now trading 161% above that low price at $42.29 per share. The 200-day and 50-day moving averages have moved 0.45% lower and 0.59% higher over the past week, respectively.

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 12.3%. 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