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Watch for Urban Outfitters to Potentially Rebound After Falling 1.52% Yesterday

By Shiri Gupta

Urban Outfitters (NASDAQ:URBN) traded in a range yesterday that spanned from a low of $23.09 to a high of $23.77. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $23.38 on volume of 1.5 million 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 Outfitters on November 29th, 2016 by issuing a Downtrend alert when the shares were trading at $32.38. Since that call, shares of Urban Outfitters have fallen 27.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Urban Outfitters share prices have been bracketed by a low of $19.26 and a high of $47.25 and are now at $23.19, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.

Keywords: rebounders Urban Outfitters

Ticker(s): URBN