Under Armour ShortUnder Armour
Nearing channel resistance at $19.80-$20 area
Tight Stop loss (1%) with a short position off of the retest.
0R2I trade ideas
UA in an upward trend at important level.The stock has been rising since the end of last December, and now it is reached a very important level. This level between 21$ and 22$ (21.8$) had a very important role in the last half year. The price has tried to break through it 3 times but it couldn't manage it, however. So we are here again after a 2-month-long upward trend, but it seems the stock struggle to break through again. It has a very rapid rising last week but it couldn't stay above 22$. But this time 21$ (20.93$) supported the stock and it hasn't sunken under 21$ since then. It may indicate the upward trend will continue and this time the stock will be able to stay above 22$ and that means the next stop can at 24$ that means a good opportunity for long.
$UAA Swing IdeaIf it pulls back to $20, then it would be a nice buy. It has to catch up 10 EMA on Daily. Below $20 we have 100SMA & 200SMA.
Under Armour, Inc. There is still have down move. I think it will target 13.00 Dollar per share , Lets see
UA potential longUnder armor recently got rejected off of previous resistance and has fallen sharply since. Looking at some nice long term support here with bids @ 17.5.
Always use a stop loss.
Potential long term tradeUA recently broke resistance (yellow line), if the stock can push past this and set a new support this would be very compelling.
note that I'm not advising a position yet, this looks more bearish short term but we will have to wait and see.
UAA Exhaustion Gap?Pretty good liquidity on UAA weekly options, this one might be a good short term trade (as in 2 - 3 days). I'm already in this morning but you may want to see how the day ends.
UAA goes gap with the market, so if they pump futures on Monday this will gao up. Overvalued though, based on this blowout quarter it's got a P/E ratio of 33 and no dividends.
Self Improvement - 11/20/2018Stage 1 >>> Stage 2 - wait until the market goes overall bullish though
UA 30 minute chart- higher lows..walking up the trend line. May give it another day and likely go long
Potential Bottom Reversal$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
Under Armour $UAA TriangleThe stock has been hyped up quite a bit latley but the chart is showing a triangle between a short term support and a long term resistence.
This long term resistence was tested once before with an alomst identicle pattern in Octover 2016 - see white trend line .
Tempted to go in on some puts here.
