Looking for swing trade set up on UAALooking for bullish bounce off support. If not trend breaks support looking to go bearish.
Trade ideas
Under Armour needs to get above 33.64 for significant upsideUAA got rejected when trying to get into the Gap Area above 33.64. If it can get and hold above it I think we could see a gap fill up to 37.65.
LONG UA BIG PICLong 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 + RSI shifting up from Oversold with declining volume + Strong n steady uptrend support line, my personal TP $43 for now
UA (Under Armour INC) Long poHi everyone!
This is my first idea of trading on USA stock market.
The idea is for a Long position on UA (Under Amour Inc).
WHY?:
1) We have a big gap to close
2) This looks like a copy of chart from end of may 2016, We`re in second wave down to around 29.20, where I want to get in, with Stop Loss around 28.90, but It will depend on day low.
3) We`re oversold on RSI, and Its start go UP, near to support on RSI 37.26
4) MACD (4;9;3) signal line and price line cross my resistance line. Now resistance will become support, and lines will test it in few days.
5) MACD (12;26;9) signal line and price line going to cross my resistance line. As soon as It will happen, We`re about to open our LONG position.
Will write some more info on that idea later.
Long UA.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.
Under Armour looks in trouble.Technically Spekaing
Price is in the support zone 30-32.50 right now. This will be the 3rd week in a row to close under the 200 WMA. The last weekly close under the average was back in 2011.
A break under the 30 level could see a move toward the 22.50 level, 25% to the downside.
What to do?
Aggressive traders could take a long here, with a tight stop under ~28.
I am going to wait and see these levels hold.
A move to 22.50 would seem like a gift to longs, although what would that say about the future potential of the company? Something to think about.
it not dead yet jim. $UAUA today set investor expectations that future growth would not be as large as the last two years. It made its rounds in the news and lead to an 8 hour sell off.
However, if you look over the pure financials, UA has consistently met or beat earning expectations. The talking heads were quick to calls this a "junk stock" but one mans trash is another mans treasure..
Today's sell off stopped exactly on top of local low order block If more bad news doesnt come out of UA and christmas number look reasonable , i could easily see this retaking the ~38 level. Also still above the 2 year ascending trendline. I would watch and wait..
Another nice thing is the overall dollar flow for past 2 years has been most good to bullish. Also this stock tending to follow the common "buy rumor , sell news" models of the earnings. So this is not unusual. (with the exception i noted on a previous chart)
The 3d stochastic is about as low as it can be. Since this is my "divining rod" in all markets, i would look to see something above 20 because taking a 'real' position.
a break of the current order block signal it may want to test the regional low of 28.34
Under Armour at support, but will it hold?Technically Speaking
So far, support at 30/32.50 is holding. As you can see we have not had a weekly close below the 200 week moving average, since..., well, the chart does not show it has been so long.
Fundamentals
From the CEO-" While we expect to continue to significantly outpace the apparel industry, the growth rate going forward will be less than expected from our Investor Day in 2015".
In other words, expectations from a year ago are not going to be met.
What to do?
In my opinion, this stock will be priced based on how they do going forward from a lowered base of expectations. Maybe they surprise to the upside next quarter?
Technically it looks like a good place to buy, but when expectations are not met, things can get messy. Have an exit plan.
Potential medium term buy hereWith NKE reporting 1% downgrade in forecasted growth potential, may be a good idea to focus our attention on one of their competitors. Small risk here as I do not want to see the price trail below the option support. Going for the two KEL levels as shown.
Double Top on $UADouble Top detected on $UA. Target in the $35s zone. Good price for long term investors.
Under Armor is showing a Signal DayUnder Armour $UA is showing a signal day today making Monday an Entry Day to the long side. As always some retracement in price would be ideal, as in back to $40'ish. It is worth noting that this stock is in a wedge pattern from the daily chart which could increase volatility.
Under Armour Inc 2 long and 2 short entries [Just an idea]Hi traders,
On this daily chart of Under Armour I see four potential entries. I have numbered them 1 through 4. Let's see and wait which ones are successful.
Entry: $ 35.70
Stop: $ 34.44
Target: $ 38.88 = R:RR 2.52
Entry: $ 31.68
Stop: $ 29.43
Target: $ 35.06 = R:RR 1.5
Entry: $ 44.44
Stop: $ 45.77
Target $ 40.69 = R:RR 2.82
Entry: $ 47.79
Stop: $ 49.12
Target: $ 44.85 = R:RR 2.21
Good luck!
$UA - Wave 5 initiation as we approach earnings on July 26, 2016Ever since UA had a 2/1 split early April, prices have been gradually dropping and it seems as though a a halt has initiated a reversal preventing us from touching ur Jan. 2016 lows of ~$31, and I believe that was the end of our Wave 4 ABC correction. Looking back to 2014-15 we see a healthy wave 3 which can be subdivided into 5 smaller waves. Wave 5 (in wave 3 marked green) is an impulse wave further divided into 5 waves. Interestingly enough the wave 5 extension is very similar in size to our original wave 1.
All in all I believe that wave 4 correction has come to an end and we are starting our last wave 5 which should be approaching the $53-$56 range. Earnings will be reported later on this month and think we should have a nice bullish trend if earnings are impressive.
A little bit about the company: Under Armour has recently shown signs of dominance in the sports apparel industry pushing Nike off its thrown. Signing professional superstar athletes (Curry, Harper, etc.) and collaborating with Universities (UCLA NCAA sponsorship) UA has tapped into a new crowd of customers. Endorsing Steph Curry alone UA's basketball shoe sales have increased by 350%. This company has a future and is growing fast and I see a nice bullish trend continuing for quite a while.
UNDERARMOUR WAVE PATTERN CONTINUATION. BUYUNDERARMOUR WAVE PATTERN CONTINUATION. BUY
GO TO OUR WEBSITE FOR MORE DETAILS ON THIS STOCK. LINK IN BIO
Short position on Under Armour NYSE:UA
I believe that that the sports authority bankruptcy will have an affect on Under Armour's stock price
UA turn around after earning sell off ?Friend asked me to look at UnderArmour for a possible buy opportunity
Based on weekly and 3d support/resistance , stoch position and the fact that UA always fades the high after earning, i think 36.5-34.5 is probably a a good entry. it might be a quick scalp to 40 though.
the idea becomes invalidated if the entire index sell off ,dragging it down with it. Or more directly if support at 33 doesnt survive a test
Note. i dont usually trad retail based stocks and may not take this trade. use your own judgement.
