Under Armor may be showing signs of life as it posted lower than expected earnings loss & revenue was +7%. Could it be jumping on low expectations alone? Its still in its growing pain phase & I think investors will give some benefit of doubt that its management will turn things around sooner rather than later. Majority of its recent ratings have been downgrades so it won’t take much to surprise the market, in my opinion.
It broke above its short term falling resistance of what looks like a larger bullish falling wedge. Initial target is ~$23, followed by $25. The big gap from $31.50 is a long term story.