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

By Nick Russo

Today, shares of Under Armour (NYSE:UA) have fallen below their 10-day MA of $38.23 on a volume of 795K 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.

In the past 52 weeks, shares of Under Armour have traded between a low of $35.35 and a high of $105.89 and are now at $37.56, which is 6% above that low price. 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 12.4%. 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