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

By James Quinn

Under Armour (NYSE:UA) shares have crossed bearishly below their 10-day moving average of $20.04 on a volume of 1.3 million shares. This may provide swing traders with an opportunity 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 $17.05 and a high of $105.89 and are now at $19.57, which is 15% above that low price. The 200-day and 50-day moving averages have moved 1.08% lower and 4.49% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Under Armour. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Under Armour in search of a potential trend change.

Keywords: moving crosses Under Armour

Ticker(s): UA