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  • Writer's pictureTLivingstonBlog

CROX Looks To Be "In Fashion"

Popular footwear brand Crocs is looking like it is "in fashion" with traders. Crocs ($CROX) first came across may radar when it gapped up 15% on April 27, 2021. On that day, it traded on volume over 600% above average as it announced its' latest quarterly numbers. With earnings up over 500% and sales up 64%, funds surely liked what they were seeing. While I would not personally wear their shoes, Croc's action was very impressive, and I never argue with the market. I have been watching Crocs closely over the past few weeks for possible entry points. I really liked the fact that after its' large volume gap up, CROX has mostly moved sideways near the $100 level, indicating a reluctance by holders to sell.

I added the final part of my position today as CROX cleared resistance around $110. Time will tell whether CROX continues to be "in fashion" this summer.

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Full Disclosure: I currently own CROX.

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Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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