Is Under Armour, Inc (uaa) Starting To Turn?

Discussion in 'Investment Charts' started by Chartman, Dec 17, 2017.

  1. Chartman

    Chartman Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    It seems as though analysts are starting to turn more positive on the company. Would this make a tasty morsel for a larger group?
     
  3. Chartman

    Chartman Senior Investor

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    Now $15.43 and next resistance $18 - seems like there is some good potential in the short term. The gradual rise and then spike is common to stocks where sellers are being mopped up on the way up and then the buyers take over.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like a consolidation phase before the next move - higher?
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Seems like Nike is planning a major assault on the market - is this the reason for recent weakness in UAA?
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Looks as though interest is returning to this one after a short term sell-off.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Maybe the concerns about Nike attacking the market are starting to evaporate? At the end of the day surely Nike itself cannot take too much of a margin hit in the often wafer thin profit margin areas of retail?
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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  9. longtermbull

    longtermbull Administrator Staff Member

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    At $21.67 this share is flirting with breaking through the next trend line which should see more upside. The recovery from $19 has been gradual and impressive. Like others, I think this company is a prime takeover target at some point.
     
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