Under Armour attacks pivotal resistance - Analysis - 04-11-2022

Under Armour's stock (UAA) surged in the intraday levels after surpassing analysts estimates for profits and earnings, even as the company cutting its financial earnings for 2023, with the stock rallying 11.97% in the last session, or 85 cents, and settling at 7.95, with trading surpassing 20.4 million shares, above 10-day averages of 10.4 million shares. 

Technically, the stock is preparing to pierce the downward short-term trend line, while tackling the pivotal resistance of 8.10, and touching the resistance of the 50-day SMA, attempting to shake off all negative pressures at once. 

We stand neutral until the stock moves on the resistance of 8.10, and in case of a breach, it'll target the resistance of 11.50.

Expected trend for today: Bullish