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Going Long on Under Armour

Bruce Kamich

On last night's "Mad Money," during the "Off The Charts" segment, Jim Cramer and colleague Dan Fitzpatrick went over the charts of Under Armour Inc. In this daily bar chart of UAA, below, we can see part of the base pattern and the upside break out around $25 earlier this month. The daily On-Balance-Volume (OBV) line shows a strong rise from December to new highs to confirm the price gains as it tells us that buyers have been more aggressive for months.