Under Armour, Inc. : An opportune reversal
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$76.92 | $1 | $74.4 | -98.7% |
There is a strong buyer consensus whose average target price displays a +12% potential. The company’s Surperformance rating underlines the revenue growth, the business predictability and the earnings quality.
Technically, the share has been in an uptrend on all time scales. Following a contact on the USD 87.8 resistance, the stock dropped in the USD 77 support area. This relevant zone and the nearby rising 100-day and 20-week moving averages give credit to a technical rebound scenario.
Consequently, investors may open a long position at current prices and target the USD 81.9 resistance. A stop loss order should be set at USD 74.4.