Monday, September 24, 2012

Crocs, Inc. (NASDAQ: CROX)

Crocs, Inc is a designer, manufacturer and distributor of footwear and accessories for men, women and children. At year-end 2011, Crocs sold its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through its company-operated retail stores, outlets, kiosks and web stores. It also offers accessories and apparel, which generated approximately 3.7% of its total revenues during the year 2011. Its footwear products are divided into four product offerings: Core-Comfort, Active, Casual and Style. The Core product offering primarily includes molded products that are derivatives of the original Crocs Classic designs. The Active product offering includes sport inspired products and footwear suited for activities, such as boating, walking, hiking and even recovery after workouts. The Casual product offering includes sporty and relaxed styles. The Style product offering includes stylish products.

To analyze Croc's stock for potential trading opportunities, please take a look at the 1-year chart of CROX (Crocs, Inc.) below with my added notations:

1-year chart of CROX (Crocs, Inc.)


CROX interests me because of the one simple price level at $18. Not only can you see the $18 support (green), but $18 has also been a common resistance (red) as well. So, the $18 price is key to this stock. If you are bearish, you might short CROX on any rallies up to $18. However, if you're bullish on the stock you would want to see the stock break through the $18 resistance.

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