Bearish DailyPlay for Monday January 4th, 2015 – Under Armour (UA)

The bearish DailyPlay we chose for Monday January 4th is Under Armour (UA). UA is part of the Consumer Discretionary Sector (XLP). Over the last month, XLP has experienced a 2.05% move higher, however recently has failed to move higher above its $51 resistance area on weaker momentum.

Under Armour’s 1m and 6m trends turned bearish on 11/30 and recently bounced lower off its $84 minor resistance area. With a technical score of 5 (out of 10), UA looks positioned to continue this strong bearish trend lower.

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