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Stock Investors Bid Up Shares of Under Armour, Up 2.0%

Published on Tue, 05/14/2013 - 12:31
By Peter Chu

Under Armour (NYSE:UA) is a company whose shares are active, trading 2.0% higher to $60.63. The S&P is currently trading 0.8% higher to 1,647 and the Dow Jones Industrial Average is trading 0.6% higher to 15,176.

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.

Over the past year, Under Armour has traded in a range of $44.07 to $60.96 and is now at $60.63, 38% above that low. The 200-day and 50-day moving averages have moved 0.26% higher and 1.17% higher over the past week, respectively.

Under Armour (NYSE:UA) is currently priced 5.1% above its average consensus analyst price target of $57.52. The stock should discover initial support at its 50-day moving average (MA) of $53.67 and subsequent support at its 200-day MA of $53.04.

By Peter Chu
pchu@fnno.com