UA Technical Dip-Buy Opportunities

Trade Recommendations: Buy at Spot on Nov 26@52.74. Price target 62.5 by Mpril 2013. Stop Loss at 45

Fundamentally I like UA because they can pose a threat to nike with their upper middle echelon product. It is also now diversifying into products other than football, such as basketball and soccer. It also aims to become a traditional sports giant like Nike and Adidas by opening up its own stores.

The RSI has multi-month support around 50 line. Now that it has taken a brief dip below 50, UA will continue to rally . Not that the RSI bounced between 70 and 50 between mid 2011 and how, while UA steadily rallied.

The Stochastic indicator says that UA is oversold, and is now exiting the oversold territory, and poised for rally

MACD Histogram is very negative, so it signifies that the fast blue line will soon rise up to catch the re line.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out