Trade Idea - CROX
Thursday, August 23, 2007
Crocs shares were down today nearly 2.5% to $56.69 following the overall market sentiment however with low volume. Looking at the techncial chart, stock is still trading in a strong Bull Market with 50 dma and 200 moving up. MACD back again above 0 and RSI stabilized in the Buliish area. Stock may find support now at 20 dma at $55. Keep an for a possible breakdown of this support.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: CROX
