Under Armour (UAA, $7.7) price may drop as it broke higher Bollinger Band on Aug 08, 2024

#ApparelFootwear, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
UAA - Under Armour
Bollinger signal
Bearish Trend
74%
Odds of DOWN Trend
Price: $7.7
Daily change: +$1.23 (+19.01%)
Daily volume: 22.1M
Industry: Apparel/Footwear

This price move could be a signal that UAA 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 43 similar cases where UAA's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 74%.