CalebDismuke

Under Armour looks in trouble.

NYSE:UA   UNDER ARMOUR INC CLASS C
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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out