Shares of Urban Outfitters (URBN) has been marked down by 50% in the past year but the price damage is not over based on what the charts and indicators are saying.
Let's look closer.
In the daily bar chart of URBN, below, we can see a well-defined downward trend. All bounces have failed either around the bearish 200-day moving average line or the declining 50-day moving average line.
The daily On-Balance-Volume (OBV) line has been weakening the past year as sellers of URBN have been more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator is bearish but could signal a cover shorts signal in the days ahead.