Market Overview

Under Armour Off And Running After Q4 Report

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Under Armour Inc (NYSE: UA) shares are trading higher by $15.17 at $83.75 in Thursday's session. The catalyst for the rally is a Q4 beat for EPS of $0.02 along with a $500 million revenue beat.

The issue, which has been in a prolonged decline since making its all-time high in September at $105.89, bottomed on January 20 at $63.23.

The rally from the pre-market session has continued. After a higher open, it declined to $78.11 before resuming its move higher.

At this time, it is trading at the highs for the session at $83.78. The current area coincides with a pair of highs in the issue from December 17 ($83.80) and December 15 ($83.84).

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