Selling Stocks Short; Under Armour

Under Armour (UA)

Under Armour came up one my “short screen” today. As you can see from the chart, the stock has come out of a bearish triangle and broke a double bottom. Monthly momentum on the stock has also turned negative.

I’m going to try and short the stock here. I’ll use either a straight short if I can borrow the stock or I’ll try and buy some of the April 50 puts. My target on the stock is 41 and I’ll use a stop of 52.