CROX breakout again !!!
Saturday, September 29, 2007
Chart courtesy of stockcharts

Shares of Crocs were up this Friday more 1% to $67.25, a new historic close for stock, however during the regular session stock make also a new all time high at $68.12. Looking at the daily chart stock has broken out over this week giving a new Bullish momentum for Bulls. Stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, however RSI have already reached Over bought conditions, so the selling pressure may increase here. If you want to buy stock again, wait for a possible pull back.

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 example.
 
posted by Pro Investor Trader at 10:09 AM | Permalink


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