Crocs Is Trending Higher: Technical Analysis

177

Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it’s pulled back and may be interesting to swing traders.

The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above it both times.

Next, the current area of support corresponds to the September peak around …

For more, please click here to view the related idea and chart analysis on TradingView.

Crocs (CROX), chart with selected patterns and indicators, courtesy of TradingView.

Important Information

This content is for informational and educational purposes only. This is not research or 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 Securities, Inc. 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, digital assets, etc.); 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: www.tradestation.com/important-information.

Advertisement
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform