|Day Low/High||25.42 / 26.42|
|52 Wk Low/High||16.52 / 27.50|
I'd either wait for a breakout or retracement because we're stuck in technical limbo after today's gap higher.
These kinds of stocks are what goes up when there's so little left that hasn't moved that can still be worth buying.
If the broader market has made a seasonal peak this month it could be hard for UAA to make its way much higher.
Keep a close eye on these earnings reports due out Thursday and Friday.
UAA appears ready to break out of a bullish pennant after a recent retracement.
The company expects to open more than 20 new international stores in 2019, at least half of those will be in Asia.
Lululemon is by no means an inexpensive stock. As such, it will need to leverage the areas it has not yet saturated to keep the market appeased.
Many bulls believe there is much more room to run for the shares, even after such a rapid gain in earnings.
Dick's can teach you more about what's happening in the overall market than anything else I saw today.
One wonders where Nike's cool factor will come from.
Under Armour rallied sharply recently and it is now only about $2 or so away from what looks like a major upside breakout.
Next week we'll be at the tail end of earnings season. It's been a blast, at least until this past week when we got some iffy news about trade.
Nike defied logic with its latest results. Perhaps shoes and athletic apparel are the anti-tariff trade.
UAA is set up for a breakout over $25 and a possible rally beyond that.
The longest line we witnessed was outside the Nike store; now that was a line.
What do we really want to happen if we want to be constructive toward stocks?
Under Armour's high valuation and poor technicals make this a dangerous play.
The Dow Closed trading at a new record high, the first time it has set a new record since January 26.
I would ignore it for now and revisit it after the controversy cools.
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