URBN Bullish Channel. PT $40-$50
URBN is incredibly strong fundamentally and is in a very predictable upward trend.
Forming golden cross (when 50 day moving average crosses up and over the 200 day moving average)
What makes a company fundamentally strong?
Taken from various sources including Warren Buffet, here are some things we should look for:
(URBN numbers in parenthesis)
A Debt/Equity ratio less than 0.5 (ZERO)
A Current Ratio >1.5 (1.6)
Return on Equity >15-20% (17.8%)
Price to Sales Ratio <2.2 (0.72)
Price to Book Ratio <3.3 (2.17)
Strong stocks usually have a large amount of insider owning. (37.7%)
These are just some fundamentals that strong stocks frequently have.
Earnings are coming up soon. URBN should have a strong run and has potential to hold through earnings for larger gains.
With these amazing financial fundamentals and a clear upward trend on the daily, weekly and monthly chart, I feel confident it will hit at least $40 with the potential for $50 depending on the area of resistance.
Forming golden cross (when 50 day moving average crosses up and over the 200 day moving average)
What makes a company fundamentally strong?
Taken from various sources including Warren Buffet, here are some things we should look for:
(URBN numbers in parenthesis)
A Debt/Equity ratio less than 0.5 (ZERO)
A Current Ratio >1.5 (1.6)
Return on Equity >15-20% (17.8%)
Price to Sales Ratio <2.2 (0.72)
Price to Book Ratio <3.3 (2.17)
Strong stocks usually have a large amount of insider owning. (37.7%)
These are just some fundamentals that strong stocks frequently have.
Earnings are coming up soon. URBN should have a strong run and has potential to hold through earnings for larger gains.
With these amazing financial fundamentals and a clear upward trend on the daily, weekly and monthly chart, I feel confident it will hit at least $40 with the potential for $50 depending on the area of resistance.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.