Time for Investors to Take the Plunge on Under Armour, Inc. (NYSE:UA)

Equity Research firms currently have a positive stance on shares of Under Armour, Inc. (NYSE:UA). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $53.62 on a short term basis.

At the time of writing, the stock was trading at $38.46. This represents a change from the opening price of -0.57%. In terms of performance, year to date, the stock is -4.16%. The monthly stock performance comes in at -2.82%. For the quarter, shares are performing at -1.45%. Weekly performance analysis shows the equity at 0.08%.

In taking a look at technical levels, shares are trading -4.11% away from the 50 day simple moving average and -3.76% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -26.56% away from it’s 52- week high and 21.65% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Under Armour, Inc.’s RSI stands at 43.95. In looking at volatility levels, the shares saw weekly volatility of 2.25% and 2.39% over the past month.

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