mite break it high early next week, possibly sooner...defensive, yet discretionary spending to b in question; with the wholesale end of this,...looks like it has 2 reasons to pop up, has support...
Tomorrow will probably be an up day for URBN. The selling was extremely weak. No one really believes in fundamentals anymore. Probably more YTD highs for this next week.
PE is 27; this is the only expensive retailer in the market now compared GES, GPS, ARO, AEO, ANF.... No valid reason for such a high stock price when a company continuosly missing the estimates quarter over quarter.
Sentiment: Strong Sell
I agree. They are all expensive though, but meh.
May be a short term pop to confuse longs.