Urban Outfitters
Click to Enlarge The Black Friday retail results are starting to flow in, and one company that saw heavier traffic was Urban Outfitters (NASDAQ:URBN).
Like our other stocks, URBN has been on a tear, returning almost 40% so far for 2012. Also like our other companies, URBN has fallen out of favor, with less than 50% of the covering analysts ranking the stock a buy.
Now, earnings results for this teen retailer have been mixed in the past year, but a win during the holiday season would give the stock the boost that would attract upgrades and continue the cycle.
The URBN chart suggests an improving trend as the stock’s 20-day moving average is preparing to cross back above its 50-day trendline. We refer to this as a “Silver Cross,” a pattern that often attracts technical buyers as it signals an improving picture for the stock.
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