As can be seen from this graph it looks as if for most of March the trading range is in an ascending price channel as indicated by the green lines on the chart with higher highs and higher lows. Highlighted in pink is the low of the day when I gave the recommendation. As can be seen it is very near to the 50 day Moving Average and just sits on top of it. The orange circle is the base of the candlestick which formed a hammer which near the bottom of a valley is a bullish indicator. Furthermore as an be seen from the MACD lines they show positive divergences along with the fast stochastics also showing a trend at crossing (as they crossed over the next day).All in all these are the reasons as to why this was a great pick for that day and the subsequent days for the 10% run-up.
After this URBN will probably come down as it formed a spinning top near the upper bollinger band, come down to the support at 31.5 and then continue to go higher depending on the retail market in general.
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