Under Armour currently down 3.83% halfway through today

The footwear and apparel maker slides down from $10.05 to $9.66, losing 38.5 cents (3.83%).

While price action maintains a negative bias, United States Factory Orders released today at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.

Under Armour Inc made an initial break below its 10 day Simple Moving Average at $10, a possible indication of a forthcoming negative trend. Under Armour broke through the $9.93 support line and dropped 26 cents below it.

Overall, the technical analysis landscape suggests that on the balance of probability, Under Armour is expected to maintain its bearish bias.

Under Armour's stock value drop coincides with Tesla is down to $193.77, losing 2.03%, after ending Friday at $197.79.

Positive performances can be seen by looking at other consumer discretionary stocks as Lowe's is up 0.88%. McDonald's is trading at $270.08 after ending Friday's session at $269.07 (up 0.38%).

Furthermore, United States Fed Chair Powell testimony will be released tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.

Trending downwards for around a month. Having set a significant low of $6.62 4 months ago, the sports equipment company is trading 51.81% higher.