Tuesday, August 21, 2012

This could be an uggsy day ...

DECK Daily Chart (11:35AM)
Deckers has definitely put in a bottom (a double at that) and has been moving higher for a couple of weeks.   I looks good again today but I think it is ready to rest a bit.  A couple of days of consolidation would be healthy.  A pullback to 48.50 and a bounce would be even better.  Keep an eye on this one.