Thursday, April 3, 2014

Thursday morning

CROX Daily Chart

I haven't seen any talk about this one in a long time.   Probably for good reason but that may be changing.  Notice the Bollinger Bands defining the volatility squeeze (less than 5% of the 20 day sma) while the stock has been consolidating above the 200, 50 and now 20 day simple moving averages. That's a bullish configuration.  The bands are just starting to expand.  With the consumer spending and improving (according to some data) jobs pictures CROX might benefit.