Small Cap Lifestyle Products Retailer Bull Flag with High Short Float
Urban Outfitters (URBN) shares are coiling in a tight squeeze pattern on top of its 50- and 200-day EMA’s and closed back over its 8 EMA the past two days. URBN can breakout of a small trendline above monthly value area highs at 27.60 for a move to the 29.50 prior highs and then likely see a test of 30 if the market stays strong. Earnings not due until 5/23 so potential to breakout ahead of the report and the name has a high short interest of 19% so breakouts can surge higher when they go.