Core Viewpoint - Under Armour (UAA) has experienced significant selling pressure, resulting in a 13.4% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1] Group 1: Technical Analysis - UAA's stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 29.73, suggesting a possible trend reversal [5] - The RSI is a momentum oscillator that helps identify oversold conditions, typically when the reading falls below 30, indicating potential entry opportunities for investors [2][3] Group 2: Fundamental Analysis - There has been a strong consensus among sell-side analysts to raise earnings estimates for UAA, leading to an 11.1% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6] - UAA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]
Here's Why Under Armour (UAA) is Poised for a Turnaround After Losing -13.42% in 4 Weeks