Under Armor (UA): Top Stock Pick Returns 14.6% in 14 Days

Under Armor (UA)

Under Armor (UA) was a Top Stock Pick from our May 21st 2014 forecast for the two-week time horizon.  UA had a signal of 20.90 and a predictability of 0.32 with a corresponding return of 14.6%. 

Citigroup Inc. (C) upgraded UA from a “hold” rating to a “buy” rating in a report released last Wednesday. The firm currently has a $65.00 target price on the stock, up from their previous target price of $50.00.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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