Update on UAA Earnings play (Original was published on Feb 4)Here is an update on the most recent earnings play of Under Armour.
Look below at the original analysis, that was done about a week before earnings was released.
UAA trade ideas
Under Armour (UAA) Upcoming Earnings PlayPurchased a OTM $22 Call Option on Feb. 4
Premium price- $58
Expiration Date- Feb. 19
UAA reports earing on Feb. 10, I am expecting UAA to beat earnings which should drive their share price.
UA longshot?Sorry, no notes for a few months. Understand i did fundamental / technical analysis.I have price reaching one of the two resistance zones before the quarterly report
let me know what you think!
UAA Gap Fill Short term trade, expecting to fill gap overhead
Break out yesterday after weeks of consolidation and retest today on 0.51 RVOL
Sector looks like its gearing up for a breakout in the next couple of days
MACD turning positive
P/T $20.21 / $22
Long #UAA into 17.35 on confirmationCurrently trading between a couple past support lines.
Currently riding on a new support after bouncing off the the lighter trend into the top resistance line.
Looking for a break above the diagonal weve been trading down since last week for confirmation.
Id expect resistance once at the 17.35 area, before a squeeze at the second retest.
If we trail below our current trand and out of the older trading zone in orange, i would look to the lighter trend line to hold us up before stopping out below it if we lose support at 15.48
Id be a buyer with support above 13.94 with confirmation that the lowermost support line holds up.
If that happens, id watch 15.48 region as we climb for a squeeze up
somewhere in my stop out region
Under-Amour IncThe Share Price of Under amour its on the buy Zone Area and now what we are expected to see it to see the share price just looking into going to the Projected Price Level .
Take Profit Level @ $24/Per Share
we are not looking for any Sell setups as of now, the only thing that we can domis to only buy the shares of this listed company and thank me later.
Buy now and thank me later.....
$UAA Under Armour Sprints higher Potential long entry with the Fibonacci .618 level as major resistance
Earnings details
Under Armour (NYSE:UAA): Q3 Non-GAAP EPS of $0.26 beats by $0.23; GAAP EPS of $0.09 beats by $0.06.
Revenue of $1.43B (flat Y/Y) beats by $270M.
Gross margin of 47.9% vs. 46% consensus.
FY20 guidance:
Adjusted EPS of -$0.47 to -$0.49 vs. -$0.71.
Revenue is expected to be down at a high-teen percentage rate compared to 2019 results, reflecting a low twenties percentage rate decline in North America and a high-single-digit percentage rate decline within the international business.
UA Swing trade idea - consolidation break Place this on your radars. Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.
UABased on my analysis:
1. UA formed ascending triangle's chart pattern (19 May-12 Oct> 151days).
2. Yesterday, UA breakout 3rd trendline with high volume.
3. Now, UA is a above MA 200.
4. My target to TP (1) 12.55 USD, (2) 13 USD, (3) 13.60 USD & (4) 15.10-15.20 USD> invest.
*For me, UA is a great stock for long-term investment.
Syeikh Hafiz
Stock Market Analyst
$UAA Under Armour Trade Setup
Potential long entry above Fibonacci .382 resistance
Target range $16 - $16.50
UAA Sympathy Play of Nike Qtr 1Happy Idea
*Nike had a good Q1, UA can ride the wave. Follow Trendline and Channel for Pulse Check.
*Key Levels
*Support:
9.00
9.84
10.47
11.40 can be the next key area of resistance becoming support.
*Resistance
11.40
12.05
12.42
