21.04.2016 - Shares of Under Armor try to continue growing

Stock price of Under Armor continues to consolidate near the upper boundary of the rising channel and the local resistance level at 44.00. If the price fixates above this level, we expect continued growth to 46.45 and 48.00. According to our forecasts, in the near future quotes will continue to rise, but we do not exclude price correction within the channel with the potential to decrease its bottom border and the support level at 42.00. Our medium-term outlook is positive.

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