Bearish DailyPlay for Friday September 30th, 2016 – Under Armour (UA)
The bearish DailyPlay we chose for Friday September 30th is Under Armour (UA). UA is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 1.3% move lower and it’s 1m trend turned bearish yesterday and recently bounced lower off its $80 resistance level.
Under Armour’s 1m and 6m trends turned bearish yesterday and recently bounced lower off its $40 resistance level. With a technical score of 2 (out of 10), UA looks positioned to continue this strong bearish trend lower.