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Under Armour's Stock Faces a 14% Decline Short-Term

Under Armour's Stock Faces a 14% Decline Short-Term

Under Armour, Inc.'s (UAA, UA) technical chart is suggesting a 14% decline over the short term. Additionally, options are pricing in massive levels of volatility following the company's first-quarter results on May 1. Analysts have been slowly upping their price targets on average for Under Armour, but at the same time estimates for the current quarter have been falling. Analysts are looking for the company to report revenue in the first quarter that is flat versus last year at $1.118 billion, while losing $0.05 per share also in line with previous years' results.