After closing the last session at $7.51, Under Armour moves up to $7.71 (up 19.5 cents)

Although Under Armour increased from $7.51 to $7.82, the stock dropped back and is now priced at $7.71.

Under Armour is currently trading at $7.71 following the release of EIA Short-Term Energy Outlook data from the United States.

At the same time, United States ISM Non-Manufacturing PMI (May) came out at 50.3, while a consensus of analysts was expecting 51.8. United States Services PMI released yesterday at 13:45 UTC with a figure of 54.9, while the previous figure was 53.6. United States Factory Orders published yesterday at 14:00 UTC came out at 0.4%, falling short of the 1.1% projections and continuing its decline from the previous 0.6% figure.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $8, thereby suggesting that Under Armour Inc is becoming overvalued. Under Armour could be slowing down soon as it approaches resistance at $7.76. Of course, crossing it might suggest further gains are ahead.

Under Armour is likely to reverse course and start pointing downward in the short term.

A look at other consumer discretionary stocks also shows bullish price action as Toyota is trading at $147.87 after ending yesterday's session at $145.73 (up 1.47%). Alibaba added 2.67% to its value, now trading at $86.66.

While Under Armour is higher so far today, these consumer discretionary stocks are struggling: McDonald's is down 1.47% from the beginning of the session and now trades around $284.19.

Also worthy of note, United States Crude Oil Inventories expected to decline to 1.15 million while its preceding data was 4.49 million, data will be available tomorrow at 14:30 UTC.

The sports equipment company has fallen back around 41.24% from the significant high of $12.78 set 4 months ago.