URBN working well within this channel.
After the earnings pop if it reverses within this channel, then one could be short till the bottom end of the channel.
Analyzing the options chain and the chart patterns of URBN Urban Outfitters prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
AMEX:SPY showing strength late in PD session and in the PM. Price rejected the 416 level PD, I suspect it will make another attempt to BO as talks of raising the debt ceiling come "Close", saying members of the committee. Key levels for SPY are 414 support and 416, 419 resistance.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000...
Both URBN and TSLA experienced initially a large rise followed by a long consolidation period of choppy price action
TSLA completed this price action and broke out spectacularly
URBN is still within this up channel (which is slightly less inclined), will a break out comparable to TSLA follow?
I understand that TSLA is more of a growth stock compared to URBN but...
Leadup
This morning's gap comes at the one week before the earnings mark. For five of the last six earnings reports, the close on earnings day has been higher than the close one week before.
Price Action
URBN recently completed a trading range and broke down for an almost 20% loss. After rallying 100% from this downward breakout, URBN did a brief bit of...
Urban Outfitters - URBN - In the risk to reward buy zone? Is it worth another quick swing or is the squeeze between the moving average support and the $42 price resistance finally over? We will see? Stop loss below $34 or tighter? Edutainment purposes only.
$URBN
-SIMPLE impulse and correction on the weekly time frame
-gotta be patient with this one this is something I am adding to my long term portfolio and letting ride
-Once we break resistance that is when we enter
This is not financial advice. I am looking at the 1H chart. URBN hit an ATH of 42.09. If you zoom in and look close, that high has not been challenged yet. The next high was 41.92. After that we see candles closing with higher lows. Volume has picked up and could potentially lead to a breakout past 42.09. I have set an alert for 42.10, at which point in time I...
Initially, red market days were associated with negativity for me as they are typically associated with a declining account liquidity , But , when the red days are healthy , like todays digestion of gains, we have opportunities to observe which names are displaying particular strength.
URBN is one of the names doing well today . Also , Fridays volume certainly...
The IV rank on $URBN is 19% & the candle closed as a bullish doji just below the 21 and 9 EMA. If you look at the RSI you'll see a small divergence that has not been identified by the indicator. The postures of the RSI are neutral bullish, Although the candles wick has a lot of selling pressure, the volume reached 4 million & closed green, from previous comparison...
Ascending Triangle, confirmed (41PC)
Pros:
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
Target:
PT = 45.00$
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