I love the slogan and really like the UA brand. I owned this stock shortly after they went public in late 2005, but only for a technical trade. I had completely forgotten about it until "Scupperrust" on the TIE Investor Village Message Board got me to take a look at it.Talk about timing! While I would like a little confirmation of Friday's potential bullish reversal (the reversal was not convincing), the stock may have just put in a double bottom, making Monday a good entry point for longs.
This stock has taken a dive on sector concerns after a blow-out 2nd quarter and raised guidance. This retailer certainly has a lot of buzz and a growing market share and their products are certainly flying out of the stores (I checked the mall today and talked with two sales clerks).
Therefore, I may nibble on Monday, if the price action looks good. Here is the daily chart. I may be a little early here and may wait, but the bottom should be in soon.
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