UAA trade ideas
UA - Working on H&S?Under Armour has had its challenges the last few years with Adidas and Nike taking the top spots for active wear. Stock has made an incredible comeback over the last 4-5 weeks and is no pumping up against clear resistance. Looks to be working on a possible head and shoulders pattern but not sure. Could just bust through but I'd be patient here as RSi and MACD looking a little tired. Need a decisive break above where it is no to negate need for H&S
UA 03.12.19 LongAsset and Time frame -UA,1H
Entry Price -16.68
Exit(Stop Loss) -16.31
Exit(Take Profit) -17.65
The range between stop loss and entry - 0.37$
Technical Analysis -Hourly chart Fibonacci level made an ABC pattern and retested the 0.618 level,stop loss was placed under the 0.618 level and take profit placed at the 0.0 level.
What can be improved -
Conclusion & End of Trade -
UA HAS CROSSED BUY Like i anticipated from my previous chart, that UA would be shifting soon. Which it has. Buy while you can.
Check my other chart on UA to see.
Thanks
Under Armour Predicted to jump - Buy Opportunity Im predicting that UA will jump and test resistant. Similar to Aug 28th same crossing and pattern is what im thinking.
Limit order at 15.90
Sell limit order at 19.00
Stop loss at 15.75
Just my opinion , let me know what yall think
UAA Earnings Monday Pre-marketBuying 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.
$UAA The lid is of the can in Under Armour.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 profile
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.
UAA EarningsStock 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.
Under Armour Over the last several months, Under Armour stock symbol UA, has made several double tops and bottoms. Every one has played out the way it was suppose to. It has once again made a double bottom. Once it reaches the neckline at $19.5, we should expect to see a run to around the $22 area.
UnderArmour great products great value ;) UnderArmour is currently going on a major level the 20 dollar mark if this week the level holds we could see a higher push to at least the 23 dollar zone then you could gradually move the Stop Loss higher with the move. There is a lonnng trendline and it seems the the price hold on very well there at the 17.64 dollar. So i woud Long
Fundamentaly we know underarmour has great influencers on social media who wear they're sport equipement and makes a lot of succes so i wouldn't expect to see the price drop lower than was technical analysis shows us.
Have a great day
Under Armour, Under WaterI 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.
UAA Long from a reboundI 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
UAAOverbought 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.
UAA Still hasn't bottomedAppears to be throwing a reversal pattern along with the rest of the market. Bought some puts at the gap fill
Great possible 20%+ return on UAUnder Armour has been extremely oversold the past month. Great dip buy opportunity for a possible 20+ return on a horizontal trend.
UAA UpdateResuming 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 be a bad month for retail stocks.
UA retracing to multi-year trendline - Wait for EntryWaiting to see a full pullback to the multi-year support, and go long from there. A few PT levels to keep in mind. Also, watch out for MAs, I don't have them shown here, but they will be resistance as it trends back up.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
sold puts on Under Armour premium more than doubled SOLD 10 PUTS AT 0,75 $ STRIKE 21 MATURITY 09/08
VOLATILITY ROCKETED AFTER EARNINGS BECAUSE THEY MISSED US targets but the overall results are beating estimates and the story is still very good
Happy to get the stock And sell calls
don't think the stock will collapse below 20 $ , no reason for it
Short term short and long term long Due to recent earning reports, there might be upcoming selling pressure and momentum. Price is above MA 200 and %50 Fibo level, long term upward trendline still not broken.
UNDER ARMOUR FILLS THE GAP BELOW AND FINDS SUPPORT.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.
