I daytrade UAA options all the time, decided to keep it open today. I think it gets one final drop on Monday to fill that gap at $18.90 before getting a bounce.
Market looks like it wants to gap down Monday anyways. Eventually this crap is headed down to single digits, but it's gonna throw a bunch of retraces and bear flags along the way.
I identified a rising channel after a big downtrend. The bars are approaching the lower trend line and there is a possible rebound from it and also a support from the volume profile.
Entry: 21.35
Overbought on hourly and 2 hr charts, I think this dips down to 19.5 by the end of the week, hopefully tomorrow.
looking for a quick flip with NKE profits.
Resuming the tank, goes down with the market but not up. Maintaining a short position until it hits the next support at $16.5. Wouldn't chase it at this point, it's oversold on every time frame, but there's no point in closing a short position knowing it can't go up either. If it does, short any rallies, this stock is dead.
Tariffs hit retail the hardest, will...
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...
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 $10B company.
It's...
The stock has been rising since the end of last December, and now it is reached a very important level. This level between 21$ and 22$ (21.8$) had a very important role in the last half year. The price has tried to break through it 3 times but it couldn't manage it, however. So we are here again after a 2-month-long upward trend, but it seems the stock struggle...
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida.
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UAA
