By: Bob Dee – Warrior Trading
April 4, 2015
Under Armour has been in a huge bullish uptrend over the last year with shares trading from a low of $45.05 in May 2014 to $79.41 as of market close on April 2, 2015. This represents an increase of 75% off the lows.
Under Armour shares broke out of a 7 month consolidation period in mid February 2015 and they haven’t looked back since.
Under Armour is a “buy the dips” stock, with an ATR (Average True Range) of $1.61. So when the price is near an intraday low, that is your signal to buy. If UA breaks out above the 52 week high of $82.67 with high sustained volume above 2.25M, it could possibly test the $90 level or even $100. Jim Cramer said on his Mad Money show on Thursday that Under Armour is going to $100. Currently there are 14 analysts who rate Under Armour a buy.
Under Armour has a forecasted growth rate of 23.7% for 2015 on revenue of 3.8B according to analysts. They have beat Wall Street expectations 11 out of the last 12 quarters. UA shares are currently trading 4.8% above their 50-day moving average of $75.80, and 14.9% above their 200-day moving average of $69.11. On 04/2/15, UA closed at $79.41, 3.9% below its 52-week high and 76.3% above its 52-week low.
Under Armour is expected to report earnings on 4/21/15 before the market open.
Under Armour (NYSE: UA), the originator of performance footwear, apparel and equipment, revolutionized how athletes across the world dress. Designed to make all athletes better, the brand’s innovative products are sold worldwide to athletes at all levels. The Under Armour Connected Fitness™ platform powers the world’s largest digital health and fitness community through a suite of applications: UA Record, MapMyFitness, Endomondo and MyFitnessPal. The Under Armour global headquarters is in Baltimore, Maryland. For further information, please visit the Company’s website at www.uabiz.com
