• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Under Armo-C (NYSE:UA)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Under Armo-C (NYSE:UA) based on the price action in the company's shares. Today's price range of $19.75 and $19.75 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Under Armo-C may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. The Company designs and sells a broad offering of apparel and accessories made of synthetic microfibers.

In the past 52 weeks, Under Armo-C share prices have been bracketed by a low of $13.90 and a high of $23.28 and are now at $19.75, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Under Armo-C has overhead space with shares priced $19.75, or 3.7% below the average consensus analyst price target of $20.50. The stock should find initial support at its 50-day moving average (MA) of $19.38 and further support at its 200-day MA of $19.08.

SmarTrend is tracking the current trend status for Under Armo-C and will alert subscribers who have UA in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle under armo-c

Ticker(s): UA