Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume.
This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the...
The high 98 P/E ratio will finally matter to investors. A 98 P/E in a company with accountancy issues is a double red flag.
Shame on the company for parading their new CEO on CNBC and then opening this can of worms 1 week later.
We often look for good entries on oversold stocks but this one stock to avoid.
20% short interest and looks set to grow.
Company...
Buying some puts tomorrow which probably means they beat. Not doing great on earnings guesses... but I'm so bearish on this with PE at 100, I can't help myself.
Stock gaps down as soon as they announce the earnings date, lol.
Bought put contracts yesterday when I bought NKE puts, dumped both and re-entered at a lower strike with the profits.
Next weeks puts. I think this to continue dropping next week.
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...
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo. applications. The company was founded by Kevin A. Plank in 1996 and is headquartered in Baltimore, MD.
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UAA
