Confirm NYSE:UA breakout with above average volume and close above $19.30.
See chart. Note: PRICE MUST BREAK RESISTANCE AT $17.47, IF IT DOES NOT the stock may consolidate in that small range or fall. If a breakout is confirmed, at the very least I would expect UA to fill the gap between $21.4 and $24.97.
I've been following Under Armour for a while now. I don't like this stock long, but on a swing trade this might be a good play here based off how the stock breaks out of this wedge pattern. If it break above $14.50, I'd keep it with a target of about $16.20. Obviously, if the stock breaks out to the downside, I'd stay away.
I like UA as a product, obviously some poor quarterly reports have pushed it WAY down. Good news is we've now had daily closes above .236 on LONNNNNG term fibs and on daily we're seeing upwards momentum. I love the product and I think most people agree the brand isn't going away any time soon! If it has a daily open and close under $13, I'd close it. That said...
Beautiful 4 month long bottom formed. Looking for a retracement-type of move into 20$ /19.50$ for a long entry targeting 24$ / 25$. Stop should be below 18$. Nice risk:reward. Blessings to you all.
ua ---- nya ---- nke ---- Not Investment Advice ----
As you see, it looks like the price to the downside is perfectly stretched. The A/R Set meets perfect with the down sloping centerline. Guess what trade I do? ;-) Pè
Under Armor missed their revenue target after 26 consecutive quarters of at least 20% revenue growth. Since trading above $52.50 in 2015, their shares have fallen 60%, now trading under $22.00. This article from spring of last year sums up the "athletic wear" market pretty well. For me, I think this stock needs some time to settle down. The article speaks...
It's all technicals with the CLSA banking on UA being a buy even at $37. Peep the trend lines!
Still plenty of overhead resistance, but a good start to 2017. MACD is bullish and trending up
Next target is 28.55 then 27.22
Looking for bullish bounce off support. If not trend breaks support looking to go bearish.
Long UA! It was sold off hard the past 3 earnings and its pretty attractive at this price point. I personally own 500 shares @$31 for a long term hold :) Usually does well during winters with exception of inventory management problems last year due to abnormally warm winter, see green circle! Predicting a blue circle this time instead! MACD on weekly turning +...
Technically Speaking So far holding support in the 30 area. The R/R favors a long position, IMO. I am long and looking for a move above the 52.50 level. I will start to scale out of this position under 27.50.