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Urban Outfitter Crosses Below its 10-day MA (URBN)

By Nick Russo

Today, shares of Urban Outfitter (NASDAQ:URBN) have fallen below their 10-day MA of $25.22 on a volume of 448K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Urban Outfitter has traded in a range of $19.63 to $45.24 and is now at $25.01, 27% above that low. The 200-day and 50-day moving averages have moved 0.93% lower and 1.38% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Urban Outfitter on August 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.20. Since that recommendation, shares of Urban Outfitter have risen 11.0%. We continue to monitor URBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses urban outfitter

Ticker(s): URBN