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Under Armour Crosses Above its 10-day MA (UA)

By Shiri Gupta

Under Armour (NYSE:UA) crossed over its 10-day moving average of $38.72 on a volume of 552K shares. This may provide swing traders with an opportunity 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 10% above that low price at $38.83 per share. The 200-day and 50-day moving averages have moved 1.08% lower and 4.49% lower over the past week, respectively.

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 12.2%. 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