Urban Outfitters’ (URBN) stock may finally be poised for a rebound, according to Bruce Kamich, TheStreet’s in-house technical analyst and Real Money writer. Kamich said Urban Outfitters is more likely to base and move higher in the weeks ahead than continue its decline. Shares of Urban Outfitters have lost more than a third of their value this year. Kamich says the momentum study of Urban Outfitters shows that the rate of decline in prices has slowed. Additionally, Urban Outfitters has fallen to a level where it found significant support in 2011 and 2012. Kamich also looked at volume trends to reach his conclusion about the stock price.
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