Under Armour On The Comeback Trail

Under Armour

shares are trading higher by $1.37 at $39.14 in Wednesday's session. It has traded higher in five of its last six sessions since bottoming on June 1 at $35.35. That happened to be the day Goldman Sachs lowered it price target in the issue from $49 to $45. After a higher open, it retreated but found support just ahead of Tuesday's close ($37.77) at $37.84 and began to move higher. So far, it has reached $39.35 and backed off slightly. That is just shy of its May 10 high ($39.64).