Slow down? Following a three day winning streak, Under Armour faltered yesterday; now hovering around $7.83

Yesterday at a glance: a mostly flat day so far for the footwear and apparel maker, range-bound between $7.72 and $7.88 and currently at $7.83.

Uncertainty around Under Armour is reflected by published market data as United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. Fresh CFTC S&P 500 speculative net positions data from United States came out at -331,400. Fresh CFTC Crude Oil speculative net positions data from United States came out at 155,100.

A study of Under Armour's chart reveals various key levels to watch: Under Armour Inc is oscillating around the $7.74 level serving as support. With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Under Armour price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Under Armour's upper Bollinger Band® is at $8, suggesting that a downward move may follow.

Overall, while Under Armour has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Toyota lost 2.28% yesterday and closed at $164.35. Walt Disney drops 1.74% yesterday to close at $92.94. Nike added 1.05% to its value, and traded at $113.59.

Having soared to a high of $12.78 approximately 4 months ago, the footwear and apparel maker is now trading 38.89% lower.