Urban Outfitters, Inc.’s (URBN) MACD indicator has moved into bearish territory with a reading of -0.4246. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $30.10 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2012 has dropped by 11 cents over the past month to $1.56 per share.
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