11/11/2024 - Here is a new BUY breakout chosen mechanically:11/11/2024 - Here is a new BUY breakout chosen mechanically:
Stop Loss @ $34.35
Entry BUY @ $38.93 or more
Target Profit @ $45.34
URBN trade ideas
Urban Outfitters - Long Opportunity?The stock seems to be in good uptrend, seems like buying a dip opportunity?
URBN Short After the earnings pop
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.
URBN Urban Outfitters Options Ahead of EarningsAnalyzing 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 forward to read your opinion about it.
Watchlist 2023-05-26 $MU $GPS $PATH $WDAY $URBN 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
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
Chips:
Another positive day for chips with MRVL reporting terrific results. Looking for dips into key levels, and BO's from consolidations where there is at least 2 touches of a level.
NASDAQ:MU - has potential for a day two continuation after further earnings strength from other chips names like $MRVL.
Support 68.5
Resistance 70.0
Inflection 69.5
NYSE:GPS - Gap stock jumps 12% after surprise profit boost, a loss of .59 a share was expected this quarter but was a profit of 0.01 a share, however, this may be a one time adjustment. Key support, 8.20, and 8.00. If buyers step up in these areas and they get over VWAP, a long is possible here.
NYSE:PATH - "AI upstart UiPath's stock is down 2.5 ATRs on soft revenue guidance. This is an interesting play as AI is hot across the board today except here. So If the day is strong, and PATH catches a bid, there is potential for some serious upside." Looks like I was correct on our assessment yesterday. It appears Cathy Wood was buying the dip yesterday in PATH, giving some serious upside and tons of potential to scalp the upside move. I will be watching PATH again today for longs over inflection of 14.50, as it gave tight RR opportunities PD.
NASDAQ:WDAY - interested in buying if we see support form at 206.5
NASDAQ:URBN - short under 30
Comment what you are watching!
$URBN earnings surprise 57% earning beat is pretty good
same strategy: if this gap is not holding, we close our position
if the price goes below 10dma we exit
URBN Vs TSLA , Similar Breakout Coming? 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 the charts are very similar.
URBN Earnings 1 Week OutLeadup
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 consolidation before this morning's gap.
Indicators
There was no accompanying rise in volume with this gap.
DI is showing bullish, and ADX is above 30, the same as three of the five positive week leadups.
RSI is in overbought territory on the daily chart but shows room to go up on the weekly chart.
Urban Outfitters - URBN - In the risk to reward buy zone? 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.
Long on $URBN $URBN
-SIMPLE impulse and correction on the weekly time frame
-gotta be patient with this one this is something I am adding to my long term portfolio and letting ride
-Once we break resistance that is when we enter
Trade IdeaThis is not financial advice. I am looking at the 1H chart. URBN hit an ATH of 42.09. If you zoom in and look close, that high has not been challenged yet. The next high was 41.92. After that we see candles closing with higher lows. Volume has picked up and could potentially lead to a breakout past 42.09. I have set an alert for 42.10, at which point in time I will monitor my trade and start scalping. Pay attention for a rejection of the 42$ levels. That's commonly known as a "double top" scenario and could lead into sellers stepping in. GLTA.
URBN, Seems ready to turn up , Long 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 tells us that it wants to move up soon. Not to mention, URBN has made some prior moves up and down already while trading in this base to help reduce overhead supply ( the prior reduction in selling volume also tells us this) . I think there is a good possibility we will see a strong run up in the coming days . I took a position today that I intend to trend follow .
That being said , I have noticed lots of failed breakouts in current market so I will also be ready to take profits after/if the trade can pass 2 times risk and I see a potential reversal .
Good luck ~
Long | URBN
Possible Scenario: LONG
Evidence: Price Action
Call options, Strike 37$, 18/06/21
This is my idea and could be wrong 100%,
$URBN is retail back??The IV rank on $URBN is 19% & the candle closed as a bullish doji just below the 21 and 9 EMA. If you look at the RSI you'll see a small divergence that has not been identified by the indicator. The postures of the RSI are neutral bullish, Although the candles wick has a lot of selling pressure, the volume reached 4 million & closed green, from previous comparison when volume is that high a Green Day is habitually followed. On the daily and 4 hr the stochastic moving averages are set to cross which usually suggest a move to the upside. ill be watching open interest and volume before entry.
URBN: Ascending Triangle, confirmed (41PC)Ascending Triangle, confirmed (41PC)
Pros:
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
Target:
PT = 45.00$
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$URBN Urban Outfitters Dat Trade Targets
Setting up a potential long on a break above $39.00
Targets as per resistance levels.
Volume Bullish
$URBN with a slight bullish outlook $URBN posted its earning with the PEAD projecting a slight bullish outlook following a positive over reaction after the release with the stock being placed in Drift B
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$URBN Urban Outfitters Inverse H&S
Potential long entry today on some high volume candles.
potential for an Inverse H&S trade setup
