UAA also continues to innovate with new products that not only provide compression, but also those to improve blood flow and speed recovery times after workouts.
The fundamental story sounds good but let's take a few minutes to check out the stock chart and some indicators.
In the daily bar chart of UAA, below, we can see that prices have traded in a wide sideways pattern the past twelve months. Rallies into the $24-$25 area have failed in June, November, December and earlier this month. Prices are currently above the rising or bullish 50-day simple moving average line and the flat or neutral 200-day average line.
The daily On-Balance-Volume (OBV) line was neutral from last May to the end of December but it has been showing more aggressive buying so far this year. The trend following Moving Average Convergence Divergence (MACD) oscillator has been close to the zero line the past year and barely shows much "trend strength" now.
In the weekly bar chart of UAA, below, we can see a long decline followed by a neutral or sideways pattern the past year. Prices are above the ever-so-slightly rising 40-week moving average line.
The weekly OBV line shows some minor improvement the past four months and the weekly MACD oscillator is above the zero line. Positive indicators but a weekly close above $25 is needed for an upside breakout.