After Plunging -18.55% in 4 Weeks, Here's Why the Trend Might Reverse for Under Armour (UAA)
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Under Armour (UAA) has experienced a significant decline of 18.55% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
March 04, 2025 | 3:45 pm
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Under Armour's stock has dropped 18.55% in the last four weeks, but it is now considered oversold. Analysts are revising earnings estimates upwards, suggesting a potential reversal in the stock's trend.
The stock's significant decline has led it into oversold territory, a technical indicator that often precedes a price rebound. Additionally, the upward revision of earnings estimates by analysts suggests improved future performance, supporting the likelihood of a trend reversal.
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