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subtlepapi

$UAA - Mean Reversion/Breakout play for +20% upside

Long
Under Armour, Inc. (NYSE:UAA)  
subtlepapi  
NYSE:UAA   Under Armour, Inc.
Trend Analysis Chart Patterns Technical Indicators S&P 500 (SPX500) SPX (S&P 500 Index) UAA underarmour meanreversion reversal reversalpattern breakout breakouttrading
3
0
trendanalysis chartpattern indicator spx500 spx uaa underarmour meanreversion reversal reversalpattern breakout breakouttrading
Technical Analysis (TA)
Price on the weekly bottomed out with some reversal signs on the weekly chart.

Daily is being squeezed and there is potential for a mean reversion/breakout above $9.75 which might shift the moment to a Long with some key levels at $11 and $12.80.

Price Target
Entry $9.75
Target 1: 121.60 (+18%)
Target 2: 14.80 (+50%)
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