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 Webstores. 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.
Please take a look at the 1-year chart of CROX (Crocs, Inc.) below with my added notations:
There are (2) main price levels to watch on CROX. First, the $18 level (navy) was not only resistance back in November and May, but it was also a key level of support from January thru March. Next, $16 (red) has also been both a level of resistance from November into January and a support in October, November and currently.
The Tale of the Tape: The main levels to watch on CROX are $16 and $18. You could buy CROX if it comes down to $16, or short the stock if it breaks below the $16. If the stock rallies back up to $18 you could enter a short position, or you could buy the stock if it breaks back above $18.
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