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SmarTrend Watching for Potential Rebound in Shares of Under Armo-C After 3.17% Loss

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 $15.45. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $15.00 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Under Armo-C have traded between a low of $10.36 and a high of $42.94 and are now at $14.84, which is 43% 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 tracking the current trend status for Under Armo-C and will alert subscribers who have UA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders under armo-c

Ticker(s): UA