SHORT ME TINA
___
Get Our FREE Swing Trading Watch List Delivered To Your Inbox!
CLICK HERE FOR OUR UPDATED WATCHLIST
Reports earnings July 26, 2016. During the NBA finals I wrote about this stock and Nike ($NKE). My Analysis has not changed. I would begin locking in profits around this level. It should be noted that an earnings beat would possibly lead to another +3 or so points before we approach resistance (based on my chart interpretation). Conversely; a miss on any fronts may send the stock spiraling back to pre-run up levels. Whether the company misses or beats; I am eyeing the pre-run up levels. Out of the two companies; I favor Under Armour more because it's a relatively new company (compared to Nike) and I feel there is more growth to be had. Patience is key.
|