Dropping for four consecutive days, Under Armour closes at $7.43 (down 1.2%)

A quick look at Friday: in Friday's bearish session, the footwear and apparel maker shed around 1.2% in quick fashion, found support around the $7.33 level and finally closed at $7.43. In contrast, the day's events followed Thursday's session in which the stock closed at $7.52.

Under Armour Inc made an initial break below its 21 day Simple Moving Average at $7.45, a possible indication of a forthcoming negative trend. Despite this, Under Armour could begin to recover as it approaches significant support, now 11 cents away from $7.32. Dipping below could be an indication that further losses are ahead.

Looking forward, Under Armour is poised to extend its strong downtrend and continue declining.

Under Armour was not the only decliner in the consumer discretionary sector; Home Depot closed at $297.35 (down 1.24%).

On the other hand, positive performances could be seen by looking at other consumer discretionary stocks as Tesla was up 4.06%. Toyota added 1.21% to its value, and traded at $148.64.

Furthermore, United States Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

The footwear and apparel maker is now trading 41.16% below the significant high of $12.78 it set around 4 months ago.