Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of brand and factory house stores, and Website. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.
Take a look at the 1-year chart of Armour (NYSE: UA) below with the added notations:
UA has created a couple of important price levels to watch. First, UA
has formed a clear resistance at $73 (red), which would also be a
52-week high breakout if the stock could manage to break above it. In
addition, the stock is climbing an up-trending support level (blue) over
the last 6 months. These two levels combined have UA stuck within a
common chart pattern known as an ascending triangle. Eventually, the
stock will have to break one of those (2) levels.
The Tale of the Tape: UA has an up trending support
and a 52-week resistance level to watch. A long trade could be made on a
pullback to the support, or on a break above $73. A break below the up
trending support would be an opportunity to enter a short trade.
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from King World News
On the heels of continued pressure in the metals markets, today one analyst out of Europe asks the question: Could the price of gold really spike 70 percent in the next 90 days? This is the type of thing that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us the three key charts along with his commentary.
David P. out of Europe: “Because of the recent strength in the price of gold, the MACD has finally turned to a buy signal in the weekly chart for first time since the bear market started back in 2011. See the long-term chart with MACD below:
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