Urban Outfitters (URBN) Offering Possible 20.48% Return Over the Next 21 Calendar Days

Urban Outfitters's most recent trend suggests a bullish bias. One trading opportunity on Urban Outfitters is a Bull Put Spread using a strike $29.00 short put and a strike $24.00 long put offers a potential 20.48% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $24.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Urban Outfitters is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Urban Outfitters is bullish.

The RSI indicator is at 69.6 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Urban Outfitters

Gap’s Earnings Cost It a Bull. The Stock Is Sinking.
Wed, 25 Nov 2020 14:10:00 +0000
Citigroup’s Paul Lejuez lowered his rating on the stock to Hold from Buy. Other analysts were more positive.

Dollar Tree Breaks Out While Gap, Nordstrom Report Mixed Earnings Late
Tue, 24 Nov 2020 21:26:41 +0000
Dollar Tree stock popped as earnings beat Q3 views. Dick's, Urban Outfitters and Abercrombie also beat while Gap and Nordstrom were mixed.

Tuesday's Market Minute: Will Clothing Retailers Measure Up?
Tue, 24 Nov 2020 15:48:07 +0000
Gap Inc (NYSE: GPS), Nordstrom, Inc. (NYSE: JWN), and American Eagle Outfitters Inc (NYSE: AEO) all report quarterly earnings after the bell today.Urban Outfitters, Inc. (NASDAQ: URBN) reported earnings after the close yesterday and beat estimates, which could be a positive forecast for the other names in its category. Baird analyst Mark Altschwager raised Urban's price target to $35 from $33 and said he would aggressively buy any pullbacks since he was expecting a fashion recovery next year–if true, these retailers will need to be ready.Despite increased competition from Target Corporation (NYSE: TGT) and Walmart Inc's (NYSE: WMT) own clothing brands and stay-at-home orders, the consumer is still buying new clothing from specialty retailers.Even though Gap, Nordstrom, and American Eagle all serve slightly different demographics, it will be useful to compare their results and see what overall strategy is working. Is brick and mortar coming back? Do the most successful companies have the best online experience? Or is the power of a name brand enough?See more from Benzinga * Click here for options trades from Benzinga * Monday's Market Minute: Previewing The Holiday Week * Friday's Market Minute: Treasury And The Fed Are At An Unnecessary Impasse(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Urban Outfitters' (URBN) Q3 Earnings & Sales Beat Estimates
Tue, 24 Nov 2020 14:19:02 +0000
Urban Outfitters (URBN) reports impressive results in third-quarter fiscal 2021. Robust strength in digital channel coupled with disciplined cost-control actions aid performance

Urban Outfitters Drops as Sequins & Velvet Can't Trump PJs
Tue, 24 Nov 2020 12:19:45 +0000
Urban Outfitters is shilling the party garb as daily evening wear, encouraging wearers to “make every night feel like a party.” “Total retail segment comp sales for November to date are essentially flat with our Q3 comp level,” said Chief Executive Officer Richard Hayne on an earnings call on Nov. 23. Until Covid-19 is over “and the stores are continued challenged, I would suggest that the direct business will remain very elevated, the carriers will all have a problem fulfilling that volume and will continue to charge more,” Hayne said.

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