Stay in the Game on Under Armour Stock

When we analyzed Under Armour, Inc. (UAA)  at the beginning of May, we said, "Traders who bought UAA in late February or March at $16 or better should continue holding those positions. Additional longs could be purchased above $19. Risk below $15 now and $30 is our longer-term price target after $25." Traders following this advice should have added to their long position. Let's check the charts and see if we can raise the sell stops or any other changes to our bullish strategy.

In this daily bar chart of UAA, below, we can see that the indicators have improved this month. Prices are still above the rising 50-day moving average line. The 200-day line is now flat. The daily On-Balance-Volume (OBV) line has continued to rise telling us that buyers of UAA have been more aggressive this month. The daily Moving Average Convergence Divergence (MACD) oscillator continues to move up to confirm this advance....129 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.