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Watch for Under Armo-C to Potentially Rebound After Falling 3.01% Yesterday

By Amy Schwartz

Under Armo-C (NYSE:UA) traded in a range yesterday that spanned from a low of $16.45 to a high of $16.99. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $16.96 on volume of 1.0 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, Under Armo-C share prices have been bracketed by a low of $15.05 and a high of $24.55 and are now at $16.52, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Under Armo-C on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $20.47. Since that call, shares of Under Armo-C have fallen 17.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders under armo-c

Ticker(s): UA