Crocs May Be Set for Continuation Higher
Crocs has been running since last summer. Now after a three-month pause, the footwear stock may be poised for upside continuation.
The first pattern on today’s chart is the bullish price gap after earnings beat estimates on February 16. CROX tried to rally but falling MACD dragged prices lower at the time. The oscillator proceeded to stabilize and turned higher in late March. Could it now pull the shares higher?
Second, you have the rounded basing pattern during the consolidation phase.
Third, CROX has remained near the 50-day simple moving average (SMA). Also notice how the 21-day exponential moving average (EMA) briefly fell under the 50-day SMA but just crossed back above it. That action may suggest the trend remains bullish.
Finally, CROX formed an inside week following an outside week in late March. Such tight movement could indicate prices are preparing to move again.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
The first pattern on today’s chart is the bullish price gap after earnings beat estimates on February 16. CROX tried to rally but falling MACD dragged prices lower at the time. The oscillator proceeded to stabilize and turned higher in late March. Could it now pull the shares higher?
Second, you have the rounded basing pattern during the consolidation phase.
Third, CROX has remained near the 50-day simple moving average (SMA). Also notice how the 21-day exponential moving average (EMA) briefly fell under the 50-day SMA but just crossed back above it. That action may suggest the trend remains bullish.
Finally, CROX formed an inside week following an outside week in late March. Such tight movement could indicate prices are preparing to move again.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.