URBN (Urban Outfitters)

Urban Outfitters (URBN) looking like it may be ready for a big breakout from a long-term cup and handle formation. I bought this morning at $37.82. Initial stop is $36, but I should be able to move it to $37 next week if the recent trend does not break beforehand.

Here's a daily chart...

http://www.etftalk.com/images/forum/urbn2.gif


Longer term chart...

http://www.etftalk.com/images/forum/urbn1.gif

URBN: Sold @ 36.62 for a loss of 1.20.

http://www.etftalk.com/images/forum/urbn3.gif

I had bought into URBN again about a week ago near 38 and had a stop of 36.88 in place. Today it opened near 33. Ouch! Individual stocks can hurt. I have to remember to watch those earnings report dates.