UAC trade ideas
Under Armour Long. One of the best opportunities in U.S. stocksHuge upside potential, I expect 100%+ stock price growth.
Long-term.
Two potential 1-2s, should accelerate soon
Expected price trajectory on the chart.
Good luck!
UA Wedge BreakoutI'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.
Possible BreakoutI'm taking a small position on UAA with stop set at 13.50 and taking a chance on a 200 day SMA break and recovery.
New trend starting to the upside for UnderArmor 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.
UAA - Retest gapI'm liking this retest gap on UAA. There are still a ton of shorts in this stock and as they cover they will push this stock higher. And any news or headlines will only help.
Wait for retest to buyUA is on its way to breakout. Wait for retest to buy and hold for long term/
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CuongFX
UA LongMaybe we have a cyclic Pattern with next high end of july. The Downtrend seems to come to an end after bouncing from 76 Retracement and making higher highs. If resistance (red box) can be broken - the way to the downward trendline may be open. If SL is under last low its a 2.3R .
Under Armour is trying to breakoutUAA has been in long term down trend.
Now I'm looking at the possibility of reversal breakout.
- weekly chart touching the upper line of descending channel.
- daily chart is showing a gap-up with strong volume.
CAUTIONS
- UAA's down trend has been solid.
- UAA's fundamental is still disappointing in terms of growth rate of revenue, eps.
- However, short term chart shows institutional demands.
- check if breakout of upper channel line occur with strong institutional buying.
Bearish ButterflyUAA, Set other cancels other order for target/stop prices. will continue upward to fill the pattern in, still learning.
Target: 17.50
Stop: 13.50
Time Frame: Feb 20th
UA: Scouting for a Short PlayPossible 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.
UA: Bull Play...Well Lets Not get Carried AwayThis 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.
Short UATesting 100 MA and gap resistance, overextended upper Bollinger Band and Overbought Stochastic RSI.
Risk/Reward 2.
UA holding solid above .236 LONG term fib level.I like UA as a product, obviously some poor quarterly reports have pushed it WAY down. Good news is we've now had daily closes above .236 on LONNNNNG term fibs and on daily we're seeing upwards momentum. I love the product and I think most people agree the brand isn't going away any time soon!
If it has a daily open and close under $13, I'd close it. That said solid risk vs reward return.
..... Also, I'll be honest. This is primarily so my account doesn't say crypto 100% hahaha. That said, invest in crypto it moves quicker. Who wants to look at a weekly chart ffs ....
Not a quality trade IMO (UAA)Stock is having a dismissal year.
If you're looking for a 'dead cat bounce' play;
I think there is support around the highs 10s/low 11s.
Long Under Armour; Short Michael KorsThe 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.
Under Armour- Eyeing bottom channel Log scale- eyeing the bottom of the channel for a long w/ stop below.
