Buckingham upgraded Under Armour (NYSE:UA) from Neutral to Buy a week ago. Under Armour stocks closed at $49.96, a 4.3% gain over the course of one week.
Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. The Company designs and sells a broad offering of apparel and accessories made of synthetic microfibers.
In the past 52 weeks, Under Armour share prices have been bracketed by a low of $39.75 and a high of $60.96 and are now at $51.03, 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.
Under Armour has overhead space with shares priced $51.03, or 10.0% below the average consensus analyst price target of $56.72. The stock should find resistance at its 200-day moving average (MA) of $51.77, as well as support at its 50-day MA of $49.47.