Under Armour (UA, $7.42) price may drop as it broke higher Bollinger Band on Aug 08, 2024

#ApparelFootwear, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
UA - Under Armour
Bollinger signal
Bearish Trend
74%
Odds of DOWN Trend
Price: $7.42
Daily change: +$1.15 (+18.34%)
Daily volume: 4.4M
Industry: Apparel/Footwear

This price move could be a signal that UA may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 42 similar cases where UA's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 74%.