Urban Outfitters Recovers From Early Plunge Afer Q3 Miss

Urban Outfitters URBN shares are trading lower by $1.54 at $21.13 in Tuesday's session. The catalyst for the decline is an inline Q3 EPS results but lower for sales by $47M. Following a lower open, it declined from Monday's close ($22,67) all the way to $19.26 before staging a rebound. That marks the lowest level for the issue since it bottomed in July 2009 at $118.85. Since making the low, it has rallied to $21.42 before drifting back to the $21 area. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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