Monday, September 16, 2013

Deckers Outdoor Corp (NASDAQ: DECK)

Deckers Outdoor Corporation engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children in the United States and internationally. It operates through UGG, Teva, Sanuk, Other Brands, eCommerce, and Retail Stores segments. The company offers luxurious comfort footwear, handbags, apparel, and cold weather accessories under the UGG brand name; open and closed-toe outdoor lifestyle footwear, light hiking shoes, freeride mountain bike shoes, amphibious footwear, and rugged outdoor cross training shoes, as well as multi sport shoes under the Teva brand name; and action sport footwear under the Sanuk brand name. It also offers high end casual footwear under the TSUBO brand name; outdoor performance and lifestyle footwear under the Ahnu brand name; and work footwear under the MOZO brand name, as well as running footwear under the Hoka One One brand name. The company sells its products primarily to specialty retailers, department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers.
To review Decker's stock, please take a look at the 1-year chart of DECK (Decker's Outdoor Corporation) below with my added notations:
1-year chart of DECK (Decker’s Outdoor Corporation)1-year chart of DECK (Decker’s Outdoor Corporation) Decker's stock has been stuck within the same $50 to $60 area since April. In addition, during that time DECK has created a strong resistance at $60 (blue) and the stock has tried to push through that resistance several times. A break through that $60 resistance would also be a new 52-week high for the stock and should mean higher prices moving forward.
The Tale of the Tape: DECK has a 52-week high resistance at $60. A long trade could be entered on a break through that level with a stop placed under it.
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