Under Armour, Inc.
Short

Under Armour UNDER performing

250
- Under Armour has fallen 3.3% in premarket trading because it's reported worse than expected quarter losses. Net losses totalled $559.7 million

- It's laid off workers and borrowed new money to try and sure up its balance sheet and lower its expense base.

- Overall its been under performing the S&P 500 and we are sitting at 2011 stock prices. From a trend perspective its been trending down in the pitchfork. Short positions can possibly be initiated at the Median line or the Supply Zone above.

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