UNDER ARMOUR, INC. CLASS C COMMON STOCK NYSE:​UA

$UA quickly regained the broken support around $17.65. May be worth picking up a morning dip tomorrow Stop would be below 9/19 candle

with Trump and China going at each other with Tariffs this will probably sell off with the rest of the market I would just watch a bit for now on UA - it does seem like the downward trend could be broken so it might be a good to look for a place to buy, however their fundamentals kind of suck: https://www.finviz.com/quote.ashx?t=ua low sales Q/Q & high forward ...

Long and an add above the 20.56 LVN zone area north.

Really don't care too much for growth value in retail; can't say the recent / current pop isn't interesting to watch, though. Haven't seen an A+ long-term play in the sector for a while so, this one is something to watch.

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.

LEVELS TO WATCH

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.

Back to the bottom side of this support. Could be good r/r here. No trade for me yet

Low risk trade here. UA has been in a down trend for a long time and now starting to look like it might be starting a brand new up trend.

UA is on its way to breakout. Wait for retest to buy and hold for long term/ Follow me https://goo.gl/q2YRHR CuongFX

Measured move.

UAhttps://www.tradingview.com/x/mOuUgzU9/

Possible Short in the making. A close above clear resistance will bust the Short play. I am scouting for a play and will not take a position until I see a clear breakdown.

This post is a heads up. There is a potential Long play in the making, but watching for a Short entry is why I'm following this.

Testing 100 MA and gap resistance, overextended upper Bollinger Band and Overbought Stochastic RSI. Risk/Reward 2.

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The economy is still expanding, making cyclicals a good choice. Under Armour has been outperforming Michael Kors, and is at a good technical level to buy into. The short on Michael Kors helps hedge out market and sector risk, isolating the risk associated only with Under Armour.

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