Don't Ignore This Chart!

Under Armour (UAA) Climbs Above

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

A lot of the clothing retailers have been out of favor for a while. Recently, some significant moves have taken place in retailers. ANF, TPR, NKE have all pushed up in the last six months. Under Armour (UAA) has been a little slow to launch but it is close to breaking out to new 6-month highs. You can see the moving averages are above to make a positive cross.


The $17.50 level looks important on the weekly chart above. The SCTR is starting to kick up which is usually a good indication. One concern on the weekly chart is the PPO is still below zero.

On the daily, the 200 day moving average is hugging the price action. A push here looks like a real possibility to start the breakout. The MACD is just pushing above zero.

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Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More