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Under Armour has been consolidating above key support since its powerful post earnings gain(|yseop_template_4-1260538&mod=mw_quote_news)/+8.3%/ back on Feb, 10.  This bull flag is giving way today setting shares up well for a move into new 2021 high territory. 

UAA has now extended its rally off the 50D moving average, which held the Jan/Feb lows, to 32%:

We highlighted UAA back in May as it retested the March/April lows:  The stock has gained over 185% since the May 20 close.  

We regard UAA as a low risk buy at current levels.  A close back below last week’s low($21.00) would indicate more consolidation is needed before new 2021 highs can be reached. 

We are long UAA in some managed accounts.