UAA runs into sellers again around 20.61
Under Armour Inc. Class A (UAA) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
UAA ended Thursday at 20.38 losing $0.14 (-0.68%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (UAA as at May 17, 2018):
Thursday's trading range was $0.47 (2.32%), that's below last trading month's daily average range of $0.77. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being above average.
After having been unable to move above 20.55 in the previous session, Under Armour ran into sellers again around the same price level today, failing to move higher than 20.61.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.