If the overall/long-term upward momentum continues, Crocs 
CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps ($80s-$90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, CROX is in a personal buy zone.
Target #1 = $110
Target #2 = $125
Target #3 = $135
Target #4 = $155 (long-term)
CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps ($80s-$90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, CROX is in a personal buy zone.Target #1 = $110
Target #2 = $125
Target #3 = $135
Target #4 = $155 (long-term)
Trade active
Target #1 reached for a 12.2% gain.Trade closed: stop reached
Stop triggered after the earnings debacle. It may simply rise from the current lows, but the economy is shaky and there is a price gap on the daily chart in the $50s. I'll take this one as a bad call despite in the near-term, despite the 12% gain. In the long-term, though, I believe the original targets can be hit. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.