rlim
Long

Bullish on UA. Broke past resistance 4wks ago in high volume.

BATS:UA   UNDER ARMOUR INC
8 0 0
4 wks ago UA             broke past resistance in a 22-wk consolidation.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.

I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.

With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not too far from breakout point.

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