• Return to Headlines

Watch for Urban Outfitter to Potentially Rebound After Falling 4.00% Yesterday

By James Quinn

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.

In the past 52 weeks, shares of Urban Outfitter have traded between a low of $16.19 and a high of $52.50 and are now at $42.62, which is 163% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.2%.

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.

Keywords: rebounders urban outfitter

Ticker(s): URBN