IvanLabrie
Long

Under Armour: Great brand, huge long term bullish trend...

NYSE:UA   UNDER ARMOUR INC
I think $UA is acting very strong here, it managed to shake me out of a long position at break even 2 months ago, but after July's surge, a long term Time@Mode trend signal kicked in. Upside in the stock is tremendous, adventurous traders could follow this monthly trend going long around here, or lower, with a rather tight stop @ 20.23. A larger wiggle room would be better for more conservative traders (and thus smaller size, with up to 2% risk if stopped out), setting stops under 18.92.

The trend will remain valid for the next 12 months, after which it might start a large scale consolidation or correction. There's a chance it builds a new trend signal over time and just move higher and higher for a long time (think $AMZN, as pointed out by @timwest in the Key Hidden Levels chatroom today...buying it at $10 a share, when it was cash flow positive ended up being an insanely good long term investment...).

Best of luck if buying into it here, whatever your risk profile is.

Cheers,

Ivan Labrie.
Comment:
Acting strong.
First monthly target reached.
Holding for the long term.
Comment:
Breaking out, good outlook here.
so please comment on the sharp drop of UA after earnings ?? what do you see now ???
Reply
I shared your chart with my 2000 Twitter followers. 2:33PM EST Wed, July 3, 2019
+1 Reply
@timwest, great Tim. Looks like a great example of T@M at work.
Reply
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