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Under Armour Bearish Moving Average Crossover Alert (UA)

By James Quinn

Today, shares of Under Armour (NYSE:UA) have fallen below their 10-day MA of $17.89 on a volume of 959K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Under Armour has traded in a range of $17.05 to $105.89 and is now at $17.53, 3% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.5% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Under Armour on April 8th, 2016 by issuing a Downtrend alert when the shares were trading at $43.96. Since that call, shares of Under Armour have fallen 59.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Under Armour

Ticker(s): UA