IamNomad
Long

UA turn around after earning sell off ?

NYSE:UA   UNDER ARMOUR INC CLASS C
81 4 1
Friend asked me to look at UnderArmour for a possible buy opportunity

Based on weekly and 3d support/resistance , stoch position and the fact that UA             always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.

the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test

Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.
just wanted to update this out- UA at 42.1 i think it will go higher as long as the index keeps up and the earning look ok but this is where my TP was place
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i ended up taking this trade at 35.5 yesterday , hit 39.2 yesterday.
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update - 2% pop up this morning , starting to look like a j hook.
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