The bearish DailyPlay we chose for Tuesday May 24th is Under Armour (UA). UA is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.55% move lower and its 1m trend turned bearish and 6m trend turned neutral on 5/13.
Under Armour’s 1m and 6m trends turned bearish on 5/4 and recently bounced lower off its $38 resistance level on high volume. With a technical score of 2 (out of 10), UA looks positioned to continue this bearish trend lower.