CalebDismuke

Under Armour looks in trouble.

NYSE:UA   UNDER ARMOUR INC
Technically Spekaing
Price is in the support zone 30-32.50 right now. This will be the 3rd week in a row to close under the 200 WMA. The last weekly close under the average was back in 2011.

A break under the 30 level could see a move toward the 22.50 level, 25% to the downside.

What to do?

Aggressive traders could take a long here, with a tight stop under ~28.

I am going to wait and see these levels hold.

A move to 22.50 would seem like a gift to longs, although what would that say about the future potential of the company? Something to think about.
Subscribe to my FREE newsletter
http://cdismuke.com/newsletter/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out