In my opinion, weak retail earnings reported by many companies prior to URBN releasing its numbers created a weak foundation even though we saw URBN go to over $44 after earnings. About 2-3 weeks later, URBN forcasted lower going into 3Q which started the slide. Now, with other retailers also forecasting lower for 3Q, URBN is just along for the ride. There is market wide concern about the "debt ceiling" and possible government shut down which is also weighing on many sectors. I personally bought roughly 30% of my current position at $37.40 and will be watching to double down somewhere just under $36 if it gets there. I believe this to be a $45.00 stock by end of the year.