Stock Technical indicators to notice in UNDER ARMOUR-A (U9R.DE)
1- Last bullish trend was from 49.45 $ (3/8/2011) to 52.00 $ (4/15/2011) a 2.55 $ move 2- The current bearish trend started from 52.00 $ at 4/15/2011 and is currently trading at 50.00 $.
4- U9R.DE current resistance level is at 50.42 which is the 61.80 % fibonacci retracement of the last 2.55 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
UNDER ARMOUR-A (U9R.DE) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 49.450 and 44.800 that was broken down at 51.100 transforming into a resistance line.
UNDER ARMOUR-A (U9R.DE) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 28.050 and 18.900,resistance between 30.200 and 21.000 which was broken down at 28.770.
UNDER ARMOUR-A (U9R.DE) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 18.900 and 15.400 that was broken down at 44.800 transforming into a resistance line.
Stock Trading Conclusion:
UNDER ARMOUR-A (U9R.DE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 50.42, 50.47, 50.72, 50.76, 51.00, 51.03, 51.24, 51.40, 52.00, 68.05, 76.07, 168.35.
Stock Support levels : 49.45, 48.76, 47.87,.
