30.08.2016 - We expect the growth of Under Armor within the channel

Price of Under Armor corrected to local ascending channel's lower border after failed to gain a foothold above the level of 43.00. At the moment, there is the possibility of renewed growth of quotations within the channel, and in this case the quotes will rise to 44.00 and 46.50. On the other hand, the signal to sell will be fixation lower than the local minimum at 41.50. Our medium-term outlook is positive, and we expect growth in the near future.

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