Hubert Senters here.
Let’s take a look at Nike versus Under Armour. So Nike breaking out today up to $3.90%. The price action is above the cloud and acts like it wants to go up here to $75 maybe even the $80 area. So technically Nike looks pretty solid. Now let’s compare that to Under Armour.
The symbol for Nike is NKE for Under Armour we’re going to use U.A. Under Armour and you can see here. It’s not as good looking chart. It’s more sideways to lower. In a payer straight it’s just like if you were doing like Apple versus Microsoft.
So in this case scenario you would short Under Armour and go long Nike you wouldn’t just go long both of them because they’re going in opposite directions.
Good luck. Hope it helps. And I’ll see you on the next video.