Battleground Continues at Under Armor, Inc.
Tuesday, October 30, 2007 - 9:42 am
Originally Published in Charting the Market October 30, 2007 9:42 PM
Under Armor’s (UA-NYSE) valuation leaves little room for error, and the shorts are hoping the recent wobbles in the stock turn into a little more today on the heels of earnings. The stock traded in the low $50’s in pre-market trading, but the day ain’t over yet. Perhaps it just needs a breather, or time to grow into the valuation, but it does not appear new 52-week highs are in store until a new catalyst appears.
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