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Thursday, September 03, 2009

Urban Outfitters (URBN) Upgrade Alert, Watch for 25.7% Technical Uptrend Continuation

Comtex

Sep 03, 2009 (SmarTrend(R) Spotlight via COMTEX) ----Urban Outfitters (NASDAQ:URBN) upgraded to Buy from Neutral, price target $33, at SunTrust. The stock closed yesterday at $27.42 on volume of 2,999,700 shares, below average daily volume of 4,423,336.

Urban Outfitters is currently above its 50-day moving average of $24.10 and above its 200-day moving average of $18.97.

SmarTrend is bullish on shares of URBN and our subscribers received an Uptrend alert on July 22, 2009 at $21.82, which has returned 25.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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