Under Armour appreciates 4.22% with $8.73 as the high of the day

A quick look at Friday: after closing Thursday at $8.29, Under Armour closed at $8.64 Friday after climbing to $8.73 and dropping back down.

Under Armour Inc made an initial breakout above its 10 day Simple Moving Average at $8.66, a potential indicator of a newly emerging bullish phase. Under Armour's lower Bollinger Band® is at $8.31, indicating that the market is oversold and fertile for new buyers. Despite this, Under Armour could be slowing down soon as it approaches resistance at $8.78. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Under Armour might continue pointing upwards in the short term.

This rally in Under Armour's share price coincided with other consumer discretionary stocks as Walt Disney added 3.15% to its value, and traded at $100.52. Tesla was up 5.5%. Toyota traded at $137.54 after closing Friday's trading day at $134.91 (up 1.95%).

On a negative trend for around a month. The footwear and apparel maker reached a significant high of $12.78 around 3 months ago but has lost 35.13% since then.