KaibaraYuzan
Panjang

Under Armour is trying to breakout

NYSE:UAA   UNDER ARMOUR INC CLASS A
UAA             has been in long term down trend.
Now I'm looking at the possibility of reversal breakout.

- weekly chart touching the upper line of descending channel .
- daily chart is showing a gap-up with strong volume .

CAUTIONS
- UAA's down trend has been solid.
- UAA's fundamental is still disappointing in terms of growth rate of revenue, eps             .
- However, short term chart shows institutional demands.
- check if breakout of upper channel line occur with strong institutional buying.
Perdagangan tutup: hentian tercapai: Downtrend was too strong to break out. Wait for the earnings call.
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