Tuesday, February 3, 2015

Under Armour Inc (NYSE: UA)

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:
1-year chart of Armour (NYSE: UA)
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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5 Stocks Under $5 for 2015: KGC, DNN, SAND, ATH, BBD.B

Have you tried searching through the market’s bargain rack?
Combing through stocks under $5 can be a great source of new investment ideas. Because the price tags on these stocks are so small, they don’t tend to draw much attention from Bay Street money managers. And after all, it’s far easier for a $2 stock to double to $4 than it is for a blue-chip giant to make the same move from $40 to $80.
So for those of you that don’t mind snooping through the equity discount bin, here are five sub-$5 stocks that have big upside potential.
1. Athabasca Oil Corp
Fill up your gas tank now, because oil prices are going back up.
According to Chris Lafakis, a senior economist at Moody’s Analytics and head of the firm’s energy coverage, oil prices could be on the verge of an epic rally. How can he be so optimistic? It’s Economics 101. (more)

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Could The Price Of Gold Really Spike 70 Percent In The Next 90 Days?

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:
Continue Reading at KingWorldNews.com…
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"Drillers Are In Denial" Brynjolfsson Warns Crude Bounce Is "One More Head-Fake"

Via Armored Wolf's Jon Brynolfsson,
The last day of January saw a substantial rally in Crude. Ostensibly, the trigger for this was a notable drop in the Baker Hughes rig count.
I don’t buy it. I think Fridays 3% uptick in crude prices will be one more head-fake, a false breakout.

and as we noted earlier, rig count and production are quite different...(more)
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Baltic Dry Index Plunges At Fastest Pace Since Lehman, Hits New 29 Year Low

zerohedge.com / by Tyler Durden on 02/02/2015 14:17
The Baltic Dry Index dropped another 3% today to 590 – its first time below 600 since 1986 and not far from the all-time record low of 554 in July 1986. Of course, the absolute level is shrugged off by the over-supply-ists and the ‘well fuel prices are down’-ists but the velocity of collapse (now over 60% in the last 3 months) suggests this far more than some ‘blip’ discrepancy between supply and demand - this is a structural convergence of massive mal-investment meets economic reality.
The Baltic Dry Index drops even more… new 29 year lows…
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