If you are an Under Armor stockholder, this is available without prescription.
1. Broken rising uptrend line
2. Negative Divergence
3. Price below a downward sloping 200 day moving average
4. Price teetering on Head and Shoulders neckline
5. Lower highs and lower lows
After an impressive 5-year run of more than 500% Under Armor is on the ropes. A break of the current support and hold could be all the UA bears need as the downside target for this pattern is way down at the (GULP!) $12 level, some 60% lower.
Before I get more hate mail, I need to reiterate I am only reporting what the charts are saying. Nothing more, nothing less. This is NOT a prediction or a guarantee. In any case, the pattern has yet to trigger and until it does it’s just a plot of UA price over 5 years.