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Consumer Goods

Under Armour Inc ($UA) : Bullish. Breaking kumo?

Under Armour (UA) has dropped from the peak of $80 to a low of $62 over the last one month.

It has since rallied over the last one week to current price of about $70.

Right now, we can see from the Ichimoku chart that it may break the kumo resistnace at around 70.87 soon.

A weak bullish signal is already sighted from a Tenkan sen – Kijun sen cross.

Target price : $80 by September

Note:

Price level still within kumo. Resistance ahead.

By iam802

Trend trading with Ichimoku