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TMCNet:  Look for Shares of Under Armour to Potentially Rebound after Yesterday's 1.23% Sell Off

[November 09, 2012]

Look for Shares of Under Armour to Potentially Rebound after Yesterday's 1.23% Sell Off

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Under Armour (NYSE:UA) traded in a range yesterday that spanned from a low of $48.90 to a high of $50.75. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $50.31 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend is monitoring the recent change of momentum in Under Armour. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Under Armour in search of a potential trend change.

Under Armour share prices have moved between a 52-week high of $60.96 and a 52-week low of $34.85 and are now trading 43% above that low price at $49.86 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.4%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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