28.09.2016 - We expect a correction of Under Armor
Price of Under Armor could not break the level of 32.00 and an inclined support line and currently is consolidating above these levels. In case of overcoming these levels, we expect a further decline of quotations to 35.50 and 32.00. It is worth noting that in the near future, quotations may increase to an inclined line of resistance and the level of 43.60, the overcoming of which will be a signal to buy with objectives at 48.40 and 50.00. Our medium-term outlook is positive, and we can see a slight increase in the near future.