URBN Watch

Urban Outfitters Inc. (URBN) swung into bear phase on Person's Proprietary Signal (pps), as an earnings-inspired 18% price rise moderated into a sideways move. The other principal signalers -- the parabolic sar and macd -- remain in bull phase.

	pps	psar	macd		obv	h-a trend		ma20	ma50	ma200
URBN $38.02

Yesterday I wrote at length about URBN as I closed out my bull position in the stock, mainly on grounds relating to the technicalities of stock options.

I'll limit today's discussion to the charts.

Despite the signal, the price remains in a sideways range that closely tracks the weekly midline on the Person's chart.

Person's Table

	pps	pps open	upper pivot	lower pivot
URBN $38.02		$37.93 nov30	$39.82 +4.7%	$37.37 -1.7%

Because of the recent sharp rise, the stock has little in the way of near downside support, and several major points of upside resistance that are within striking distance of today's price.

Reversal Levels

• $40.84, +7.4% (april all-time high)
• $38.73, +1.9% (november swing high)
• $38.02 --- You are here.
• $36.18, -4.8% (recent swing low)
• $35.41, -6.9% (20-day moving average)

Bottom line: I like URBN's fundamentals, big time, and it long-term rise as well. I'll be looking at it again when earnings come around next February (or so).

Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• h-a trend - Heikin-Ashi trend.
• obv - On-Balance Volume.
• pps - Person's Proprietary Signal.
• psar - Parabolic Stop and Reverse
• ma20 - 20-day moving average
• ma50 - 50-day moving average
• ma200 - 200-day moving average
• macd - Moving Average Convergence-Divergence

About the glance: The colors indicate the state of each signal.

• Signal Section:
• pps, psar, macd: green for bull mode, red for bear.
• Confirmation Section:
• obv: green for uptrending, red for downtrending.
• h-a trend: green for uptrending, red for downtrending.
• Environment Section:
• ma20, ma50, ma200: green for above the average, red for below the average.