Click-Clack
By Steve Abraham on Sep 21, 2007
Im talking about Under Armour for those of you haven’t seen their commercials. Under Armour has been called the next Nike by many. The stock has had a nice run since its IPO last year. I don’t think the party is over quite yet. The stock looks to be consolidating nicely since its last breakout on big volume. Technically, the stock could go either way but my bias is to the upside given the upcoming holidays. Earnings come out October 30. This might be the time to wade in before the report.
4 Responses to “Click-Clack”
From what I know, Under Armour is getting more retail contracts. They’re also in the process of huge licensing deals, as well as investments into high school sports teams. I’m a customer of Under Armour, and I personally believe that know one comes close to their technology. When their shirts, say they keep you warm in the winter, they actually do. I don’t know of any unsatisfied people. Wizetrade shows a possible incline.
I bought this stock a while back instead of buying nike. Nike is doing really well right now, and I kind of regret it. Although I’m interested to see how well this stock performs. Wizetrade shows some positive (not perfect) upwards trend.
I just don’t trust this stock. They seem kind of “murky.” What do you all think? I think I need to keep a tight stop with wizetrade.
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Well the earnings came out very positive, and yes Under Armour will be the next Nike. If the stock goes south, it’s because of unimformed and stupid traders. I will check my wize trade charts and get back to you all.