It's important that we not anticipate these patterns, but allow for oakley sunglasses cheap them to develop while positioning ourselves to benefit from their ultimate outcomes. The monthly chart shows UA in a strong multi year uptrend which may be beginning to sour. December's activity to date is almost entirely beneath the existing trend line. The RSI recently turned down from overbought levels, volume has been fading and fake oakleys free shipping the MACD is also crossing bearishly from an elevated level. Looking at the Fibonacci levels, as well as the high of August 2007, a support level centered on the $35 range seems well defined and coincides with our worst case scenario. (click to enlarge) Weekly price action may be breaking down from the oakley sunglasses outlet channel established over a year ago, as price has closed convincingly below the lower trend line. The impending "death cross" of the moving averages may inform the intermediate oakley sunglasses discount term direction of price, which we believe to be lower. (click to enlarge) The daily chart has broken down from a loosely defined symmetrical triangle on decent volume, but with the RSI approaching oversold levels, the depth and duration of any pull back may be short lived. The fake oakleys for sale $44 level could ultimately serve as support, if the pullback is deep enough. (click to enlarge) It's important to not anticipate these patterns, but allow them to develop and take cheap oakley sunglasses appropriate precautions. The upside is, with promising fundamentals, these forecast lower prices should allow oakley sunglasses sale for some sustainable momentum to develop and create opportunity for potential outsized gains. Worst Case Scenario: $35 per share In 2006, UA's P/E was above 100. During the credit crisis, it sat barely above 20, while it now sits around 50. Past earnings multiples have little to do with future earnings, but do provide context into discount oakley sunglasses how volatile the markets have been regarding the fortunes of UA. michael kors jet set tote
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