Urban Outfitters Shares Sinking Lower, Down 2.6%

Urban Outfitters (NASDAQ:URBN) is one of today's biggest movers, down 2.6% to $27.71. The S&P is trading lower by 0.8% to 1,345 and the Dow is trading 0.5% lower to 12,757.

Potential upside of 8.1% exists for Urban Outfitters, based on a current level of $27.71 and analysts' average consensus price target of $29.96. The stock should find resistance at its 50-day moving average (MA) of $27.90, as well as support at its 200-day MA of $26.96.

In the past 52 weeks, Urban Outfitters share prices have been bracketed by a low of $21.47 and a high of $39.26 and are now at $27.71, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company's Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women's casual wear which it provides to the Company's retail operations and sells to retailers worldwide.