• Return to Headlines

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

By David Diaz

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 $24.13 and $24.27 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 Armo-C (NYSE:UA) is currently priced 15.5% above its average consensus analyst price target of $20.50. Under Armo-C shares have support at the 50-day moving average (MA) of $21.75 and additional support at the 200-day MA of $19.72.

Over the past year, Under Armo-C has traded in a range of $15.05 to $24.41 and is now at $24.27, 61% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

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.

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

Keywords: bearish inside day candle under armo-c

Ticker(s): UA