Here is an update on the most recent earnings play of Under Armour. Look below at the original analysis, that was done about a week before earnings was released.
Purchased a OTM $22 Call Option on Feb. 4 Premium price- $58 Expiration Date- Feb. 19 UAA reports earing on Feb. 10, I am expecting UAA to beat earnings which should drive their share price.
Sorry, no notes for a few months. Understand i did fundamental / technical analysis.I have price reaching one of the two resistance zones before the quarterly report let me know what you think!
Hi All - studying the UAA 30 minute chart and it looks like an ascending triangle has been forming. Given the fact we are in the 6th week of the 9 week (from triangle beginning to apex) ascending triangle pattern we would need to see UAA break through the resistance at around the $12 mark with some nice volume to complete the pattern. Hate it or love it let me...
- Under Armour has fallen 3.3% in premarket trading because it's reported worse than expected quarter losses. Net losses totalled $559.7 million - It's laid off workers and borrowed new money to try and sure up its balance sheet and lower its expense base. - Overall its been under performing the S&P 500 and we are sitting at 2011 stock prices. From a...
Dates in the future with the highest probability for price direction reversals
WAITING FOR NECKLINE TO BE BROKEN OUT BY MARUBOZU, THEN THE REVERSAL IS UNSTOPPABLE
UA likely to correct to 15 or lower post-ER. – major formation bust since August last year, stock was not able to recover – MACD bearish – MAs super bearish (turned off in this chart) – stock is now below 'Century VWAP' pre-ER (bearish) – RSI super bearish This post will be updated continuously when mentionable changes can be observed. WEEKLY + ADX:
Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume. This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the...
Im predicting that UA will jump and test resistant. Similar to Aug 28th same crossing and pattern is what im thinking. Limit order at 15.90 Sell limit order at 19.00 Stop loss at 15.75 Just my opinion , let me know what yall think
SOLD 10 PUTS AT 0,75 $ STRIKE 21 MATURITY 09/08 VOLATILITY ROCKETED AFTER EARNINGS BECAUSE THEY MISSED US targets but the overall results are beating estimates and the story is still very good Happy to get the stock And sell calls don't think the stock will collapse below 20 $ , no reason for it
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...
Confirm NYSE:UA breakout with above average volume and close above $19.30.