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Bearish Moving Average Cross by Under Armo-C (UA)

By Shiri Gupta

Under Armo-C (NYSE:UA) shares have crossed bearishly below their 10-day moving average of $17.02 on a volume of 322K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Under Armo-C has traded in a range of $15.05 to $24.55 and is now at $16.77, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Under Armo-C on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $20.47. Since that call, shares of Under Armo-C have fallen 16.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses under armo-c

Ticker(s): UA