Waiting to see a full pullback to the multi-year support, and go long from there. A few PT levels to keep in mind. Also, watch out for MAs, I don't have them shown here, but they will be resistance as it trends back up.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
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
Due to recent earning reports, there might be upcoming selling pressure and momentum. Price is above MA 200 and %50 Fibo level, long term upward trendline still not broken.
From a technical perspective, the significance of gaps must never be dismissed, GAPS GET FILLED EVENTUALLY, and often act as reversal points in bullish and bearish moves. It is always advisable to be aware of where these point sit on your charts so as to possible place exit and entry points.
Well here we are at the 2 year double top. Expecting an exhaustion gap and reversal Monday, if we get it, I'm buying puts in the afternoon. I would not hold a short position into earnings July 25th because long term chart looks like an inverted head and shoulder (topped out in 2015).
RSI overbought with MFI divergence as well.
Financials look like crap but the...
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...
Small caps going full pumptard, on top of that, NKE misses earnings and still goes up.
UAA will more than likely hit a double top. Not going long, but plan to short when it sets a new high.
It is decision time for analysts in UAA as it has now moved above the consensus target price, this forces the analysts to revise price targets, in the case of UAA we presume that despite the crazy P/E ratio, upgrades will probably be the order of the day. Sentiment has totally changed towards the name in recent times as it has revolutionized its inventory and...
No compelling reason for this POS to be trading at 50+ forward P/E. About to hit the bull flag target, this usually throws an exhaustion gap before a reversal.
I'm gonna wait until tomorrow, but this may be a good entry for some puts. UAA puts have very good liquidity, I've day traded it before. The spread between bid and ask is small for a $10B company.
It's...
I'm always watching under armour because it seems to have so much room to grow.
There is a lot of interesting unexplored territory for the stock based on the chart, but then again that is some pretty heavy resistance it has yet to break.
You can see my previous note on UA but it got rejected off resistance.
After the last earnings report we were shown some images of the new UA headquarters and distribution center, which it hopes will propel UA to the next level of service and most importantly stock inventory control. What has been a curse in recent years is the continual discounting of goods to reduce inventory, which in turn has devalued the brand and hit margins....
