Urban Outfitters (URBN) Upgrade Alert, Watch for 40.8% Technical Uptrend Continuation

Urban Outfitters (NASDAQ:URBN) upgraded to Overweight from Market Weight at Thomas Weisel. The stock closed yesterday at $30.74 on volume of 3,592,300 shares, below average daily volume of 3,785,463.

Urban Outfitters is currently above its 50-day moving average of $30.37 and above its 200-day moving average of $21.84.

SmarTrend is bullish on shares of URBN and our subscribers received an Uptrend alert on July 22, 2009 at $21.83, which has returned 40.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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