Under Amour’s stock price (UAA) is getting hit hard on Tuesday, trading lower by as much as 9 percent in Tuesday’s trading session.
The immediate drop for UAA comes following news of a downgrade by an analyst at Macquarie Research.
Note that we have been negative on Under Armour for some time and forecast the recent failure at resistance.
Investors should also note the negative cycle patterns showing up within our chart of Under Armour (shown below). Visit our site for more cycle analysis and research.
Under Armour (UAA) Weekly Stock Chart
Twitter: @askslim
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