Market Overview

Under Armour Rebounds From Lows, Still Down 4%

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Under Armour Inc (NYSE: UA) shares are trading lower by $1.30 (4 percent) at $38.43 in Wednesday's session. The catalyst for the decline is the lowered guidance from the company.

Following a lower open, it continued in that direction before it found support at $35.35 and reversed course. That low coincides with its February 2015 low at $35.51.

Since making that low, it has rebounded as high as $6.39, which is well shy of the lower end of Tuesday's range, which comes in at $37.65.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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