CaffeinatedCryptoo

LONG UA BIG PIC

Long
NYSE:UA   Under Armour, Inc.
Long UA! It was sold off hard the past 3 earnings and its pretty attractive at this price point. I personally own 500 shares @$31 for a long term hold :)

Usually does well during winters with exception of inventory management problems last year due to abnormally warm winter, see green circle! Predicting a blue circle this time instead!

MACD on weekly turning + RSI shifting up from Oversold with declining volume + Strong n steady uptrend support line, my personal TP $43 for now
Comment:
This idea looks really wrong now but actually:

The ticker symbol for the company’s class A common stock will change from UA to UAA. The ticker symbol for the company’s class C common stock will change from UA.C to UA. I was covering class A stock, which is now UAA, currently at $32.12.

feel like there was a lot of accumulation of UA/UAA shares around the $30s.

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