I bot it. No research; I just bot it; I think the shares represent ownership in a company that makes some sort of expensive underwear. Daily Chart:
It's got a nice gap to fill from $20-$25, but last time it tried to get through this resistance, it dipped back down. I'd like to see it at least get over the $20 resistance line (white line below) before it fills in the gap to $25 (shaded blue). Obviously there'd still be lots of resistance at that really ugly downtrending 200MA.
Under Armour Inc.'s stock price rose nearly 4 percent Monday after an analyst said "too much fear and hate" has caused the sportswear maker to become priced incorrectly. Jefferies analyst Randal J. Konik reiterated his "buy" rating in a note published over the weekend and kept the stock price target for Under Armour at $28 per share. Shares of Baltimore-based Under Armour were up more than 3.8 percent in midday trading to $20.18, and reached an intra-day high of $20.80. The boost comes a day before the company will report its earnings for the second quarter. https://www.bizjournals.com/baltimo...p-ahead-of-tuesdays.html?ana=yahoo&yptr=yahoo My latest Point & Figure shows an upside target of $32, but I'd be happy with Randal's guess too.
I guess they beat on the latest quarter but lowered expectations, and they are going to restructure, or in other words, lay off 2% of the human workforce. Apparently it is a difficult retail environment. If the long term down trend continues, there is enough cause in the latest trading range (from March 2017) to effect a price into single digits. If not this could just be a terminal shake-out. I am glad I only hold 100 shares of this dirty underwear stock. Well, so does one cut his losses quickly and panic like the rest of the sheep or wait for a bounce and get out if it is on low volume? There are never easy answers when a trade goes against you.
Kevin Plank ruined this by being greedy w/ that non-vote split so he could cash out 50% of his stock to work on his real estate biz
The biggest problem with UA, fundamentals-wise, which most know I rarely have an opinion about, is their logo; it just doesn't have it, it doesn't grab me. What were they thinking? or
Broke below support, so who knows how low it could fall. I dumped it months ago when it failed to start closing the gap up to $25.
Yep, I took my lump, selling near the close. Now we'll see if it has any follow thru. T0rm3nted, are you just saying "when" you sold it or are you implying you sold it "because" it failed to close the last big gap-down? That's an aspect I've not specifically considered.
I had been holding it for quite some time expecting it to close the gap up to $25. When it broke through the resistance line in the chart I drew above and then came back down into that trading range, I "gave up" on it and sold it to move on to greener pastures.
I've been in this garbage since the 30s. Get your shit together UA, you have top athletes like Curry/Speith/Brady and brand recognition
Well, at least that long sideways move from Feb played out. I think there are a lot of longs that will want to lighten the load here, so a few more days of weak price action.
Dropping even further today, down 4% as we speak. Entering oversold levels, and you'd have to think this is going to be bottoming out soon... Maybe $15 round number will bring in some buyers? Lots of people still wearing under armour where I'm from.
This is cheapest since market crash. It could go lower but I would guess 90% of the losses are behind us. I wouldn't be short here.
I remember when FB was $35 and old hedge fund men were saying its garbage, just like they say about Under Armor now.
