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

By Amy Schwartz

Today, shares of Under Armour (NYSE:UA) have crossed bullishly above their 10-day moving average of $17.81 on a volume of 1.6 million 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.

Over the past year, Under Armour has traded in a range of $17.05 to $105.89 and is now at $18.11, 6% above that low. Over the past week, 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 60.3%. 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