UA closes lower for the 4th day in a row
Moving lower for the 4th day in a row, UA ended Thursday at 21.73 edging lower $0.04 (-0.18%). Today's closing price of 21.73 marks the lowest close since June 7th. Trading $0.33 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was $0.71 (3.26%), that's slightly above last trading month's daily average range of $0.68. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Prices are trading close to a key support level at 21.38.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 21.38 where further sell stops might get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Under Armour
|Close to R1 Resistance||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Bullish Intraday Reversal||TQ Pro Members Only|
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