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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