Under Armour (UAA) extended its gains in recent intraday trading, supported by its continued position above the 50-day Simple Moving Average (SMA), alongside persistent bullish signals from momentum indicators. The stock's latest advance successfully pushed it above the key resistance level at $5.06, confirming the dominance and stability of the short-term bullish corrective trend.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly as long as it remains above $5.06. Under this scenario, the stock is expected to target the next resistance level at $5.65.
Today's price forecast: Bullish.
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