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Trade Alert - Urban Outfitters at New Highs

urbn New York, April 27th (TradersHuddle.com) - Shares of Urban Outfitters, Inc. (NASDAQ:URBN) booked a new 52 week high today by trading above $40.77, traders are definitely monitoring Urban Outfitters' price action to see if this move attracts further buying into the stock.

Urban Outfitters, Inc. (NASDAQ:URBN) operates retail stores and a catalog and Web sites. Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise.

Urban Outfitters is currently trading -1.7% versus its previous trading session close, and it has calculated support and resistance at $37.05 and $39.47 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -1.71% from its previous trading close, which means that Urban Outfitters stock is outperforming the overall market.



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