Under Armour | UA | Long at $6.74

Under Armour NYSE:UA. Price may break my historical simple moving average area/lines and dip into the low 6s, but the convergence of price with these lines often means a future price increase. Fundamentally, the stock continues to surprise with earnings beat after earnings beat. While economic headwinds are likely ahead in the retail market, global exposure may ease the likely troubles. Starter position entered at $6.74.

Targets

1. $7.50
   
2. $8.00