Trade in Urban Outfitters (URBN) at $36.32 – Swing Tradeurbn logo

In my mid-day broadcast with traders in the SharePlanner Pro Trading Platform, Judith_G brought up Urban Outfitters  and after looking at it, I couldn’t help myself, so I went ahead and shorted this stock as a swing-trade. 

What I really like about this trade setup is that it is breaking below key support at the 36.48 (the closer that you can get in at that level the better). Below that level, you have nothing. Absolutely nothing but space in the form of a gap that is unfilled.

Also going for it is the fact that it has a lower-high already in place, and with the break in support, it is now pushing a lower-low on the price patterns, and confirms a downtrend as well. 

Here’s the URBN Swing-Trade Short

SHORT: Urban Outfitters (URBN)

URBN Swing trade short

You Might Like

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind