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Antonio_trader

Under Armour inverse H&S at end of wave 2

Under Armour, Inc. (NYSE:UAA)  
Antonio_trader  
NYSE:UAA   Under Armour, Inc.
Trend Analysis Elliott Wave Head and Shoulders UAA underarmour Stocks shares stocktrading
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trendanalysis elliottwaves headandshoulders uaa underarmour stocks shares stocktrading
Under Armour seems to be finishing wave 2 and formed an inverse H&S with divergence on RSI. MPO of the pattern is just below $28 level. Break of the neckline and 200SMA would be a buy signal, best if confirmed with high volume.
This could be a great opportunity to enter before the main buyers come in. The count is valid as long as level $16 is not broken to the downside.
Overall the stock seems to be bullish, earnings will be reported on February 11th. Major hedge funds target the stock below $30.

Good Luck!
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