Under Armour Crosses Above its 10-day MA (UA)
Under Armour (NYSE:UA) shares have crossed bullishly above their 10-day moving average of $39.33 on a volume of 1.9 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Under Armour share prices have moved between a 52-week high of $105.89 and a 52-week low of $35.35 and are now trading 14% above that low price at $40.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 4.5%.
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 11.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Under Armour