Under Armour’s stock (UAA) fell in the intraday levels, amid negative pressure from the 50-day SMA, while hurt by piercing the upward correctional trend line previously in the short term, marking a loss of 1.38% in the last session, or 13 cents, settling at 9.31, with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at negative divergence.
As a result, we anticipate more declines in the stock, with our sights set on the key support level of 8.10, provided that the resistance level of 10.47 is maintained.
Network Hype Team