Focus Stocks
TradersHuddle Scanner - High Volume For Urban Outfitters
Published on Thursday, 12 January 2012 11:38 Written by TradersHuddle Staff
New York, January 12th (TradersHuddle.com) - Unusual high volume detected on shares of Urban Outfitters, Inc. (NASDAQ:URBN), early in the trading session. Urban Outfitters is currently trading higher by 1.94%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.
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 has already traded 0.885 times its 3-month average volume, and has calculated support and resistance at $26.10 and $30.25 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.
The overall market index S&P 500 is trading lower by -0.29% from its previous trading close, which means that Urban Outfitters stock is outperforming the overall market.
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