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After Yesterday's Rally of 2.17% Shares Could Potentially Pullback

By Nick Russo

Under Armo-C (NYSE:UA) traded in a range yesterday that spanned from a low of $14.75 to a high of $15.69. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $14.79 on volume of 5.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Under Armo-C has traded in a range of $10.36 to $42.94 and is now at $15.14, 46% above that low. 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 subscribers consider buying shares of Under Armo-C on December 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.37. Since that recommendation, shares of Under Armo-C have risen 10.4%. We continue to monitor UA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders under armo-c

Ticker(s): UA