Let me be the first person of the day to talk about the subject of this board. (sigh)
Could be a major turning point here. If I was long I'd be very nervous today. Today URS has traded below it's recent low of $28.28. That means it has made a lower low for this move (bearish). If it closes below that low today, that will be even more bearish. Volume looks like it will be 3-4 times average volume today, another bearish factor. The next hint of support is at $27.00 but after that, nothing until perhaps around $25.
Given this is still the beginning of a quarter, what you likely have are a few houses shuffling some of their holdings and realizing long-held gains. This stock is no longer a buy at $28, and it may go down as low as $26 before it becomes a buy once more. I think you're right in that smart money is bailing right now, and it may continue for at least another day. Then it might level off, and it'll be back to being the thinly traded stock it is.