URBN Revisited

This was a trade from December 31st, a short-URBN

You can see in the white box where the trade was initiated, the stop was a close above the red trendline-that never happened so the trade is still an open short. It may look like it's too late to get in, but let me show you some more charts.

 When looking at a 5 day chart, a massive Head and Shoulders pattern appears on URBN, right now the right shoulder is being completed. The measured move from this pattern puts URBN's target around $17.50 so as you can see, there's potential for a lot more downside.

 The daily 3C chart...

 The weekly 3C chart

 Here's a trending stop

However, if you want to be sure to lock in gains, this is a slightly tighter stop.

Take a look at URBN, I think it has the ability to carry through on the downside.