I have entered URBN

How to view the entire chart:


1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.


I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.


I Hope this helps,


Juan

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Here is the Elliott wave analysis on URBN

There are 3 main counts on URBN. Both are double zigzags that will end up about at about the same target. One is more conservative, which suggests that the current rally is a correction from a down trend, or a B wave which will end somewhere between 30 and 40. Thereafter, there will be a C wave to finish the mayor down trend and reinitiate the rally to $50.



The second is more immediately bullish and suggests that the correction (X wave) is over and that a bullish Y wave to $50 is underway.




I am happy with the current trade, and will change gears if the stock stalls at the previous high, or if the rally is not sharp enough. Either way, my stop loss contingency order should protect me.