Seasoned Stocks: Trade of the Week

Never Be On The Wrong Side Of Another Historically Repeating Market Cycle Or Trend…

Dear Trader,

Hey there, we're back again for the Seasoned Stocks: Trade of the Week in Under Armour. But first, let's get a couple of housekeeping things out of the way. The SEC recently dinged Under Armour with a fine for "misleading" investors about revenue growth.

Social sentiment didn't like it too much, and the stock did start to sell off. But, they have soon all but forgiven them. Well, maybe? So far so good.

But wait… The Analysts still seem to feel "okay" about Under Armour.

Now let's get to the good stuff… There's a very interesting seasonal trade in Under Armour (UA), so mark your calendars. Over the past decade Under Armour has gone up 90% of the time between mid-May and the end of July. The average move upwards in the stock is a whopping 22.3%! Let's look at what our Seasoned Stocks software tells us… You'll see where I dragged the dates inside the given time period, and a line chart displays that zoomed in area on the given time period.

Now, after I zoomed into the time period, it showed me the Dollar Performance for every $1,000 invested in the stock. It said you could have averaged $223 over that time period. If you trade options, that begins to look extremely attractive. By the way, check out the Profit Factor. It says 92.34, which means for every 1 unit in loss, you made 92.34 units of profit. That's a very attractive stat as well.

Let's dive deeper into the Seasoned Stocks data… Here's a Week by Week breakdown. As you can see from the 3rd week in May, until the 4th Week in July, you'll see that the seasonals have a consistent seasonal tendency to stay bullish.

Ok...follow so far? Now, let's look at our nifty little Technical Analysis Widgets...as you see, the Monthly and Weekly timeframes are leaning Buy-bias, and the sentiment for the Daily timeframe is a Neutral-Bias. I don't wanna get all technical here, but this could be a mean-reversion, and the stock could potentially start to push up over the coming days and weeks to get in alignment with the seasonals. But, just like with anything else, there's no guarantee of anything in the future.

So there you have it. Hopefully this information shared today was helpful, and provided you with an added edge in your trading. Remember, do your homework, and fully understand the risk before trading anything. To learn more about more seasonal information on Under Armour and other seasonal opportunities, please click on the link below to access the Seasoned Stocks software: https://seasonedstocks.com Trade Smart, Chad Shirley P.S. Don't forget to set up email and text alerts for your upcoming Seasoned Stocks trade alerts:

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