NEW YORK (TheStreet) -- Under Armour (UA) - Get Report shares are jumping by 2.5% to $104.74 in early afternoon trading on Friday.

Based in Baltimore, MD, Under Armour develops, markets and distributes branded performance apparel, footwear, and accessories for men, women, and youth.

Canaccord Genuity stated yesterday that the firm has a positive outlook on both Under Armour and Nike (NKE) - Get Report , but is more optimistic about Under Armour, according to CNBC.com

"We choose to favor the higher growth company in the space--Under Armour over Nike. Under Armour has a longer runway over this growth trajectory," Canaccord said.  

TheStreet's Bryan Ashenbergand Bob Lang of Trifecta Stocks have identified Under Armour as the "Chart of the Day." Here is what Ashenberg and Lang had to say about eBay:

Under Armour (UA:NYSE) has been on a roll this year, and not even a market correction could slow it down. Even the steep drop in August was quickly bought up, and now it's back up near all-time highs. The current bull flag is constructive as the stock is now overbought, with good relative strength. This should be bought on pullbacks.

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-Bryan Ashenberg and Bob Lang 'Chart of the Day' Originally Published on 9/25/2015 on Trifecta Stocks. 

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