A friend on here hampson.sa suggested Urban Outfitters as a potential short candidate. I think the technicals point to a solid opportunity. A months-long broken range followed by a mediocre bounce. Should URBN break the $35.00 mark a $31 or $30 target seems appropriate.
Comments
sedemmler
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This short looks solid. We basically hit the $35 mark, which, depending on your research either means take a bunch of profit off the table or wait to see what the levels does. A break of $35 still targets about $31. I'd take some of the position off here for almost a $2.00 gain since I issued the chart.