Crox idea from Stockcharts
$Crocs(CROX.US$ We all got our go to source for stock trading ideas. For me, its Stockcharts on Youtube. they do such a brilliant work in summarizing and going through overall market condition and specific stock charts in their “Final Bar” daily episodes. If you are trading the US markets, consider them as your daily resource.
After watching their episode below, i searched and was fascinated by Croc’s financial performance and positive outlook. Analyst coverage is a BUY too.
Chart wise, you can’t argue with a strong move and breakout recently, showing signs to test the 150 to 160 price point.
I have never bought a pair of Crocs, but will be keen to try one out soon. Now i know they have forged collaborations with big names including Star Wars, Marvel, Nickelodeon and Justin Bieber, with the the Bieber collection sold out on Crocs website. Amazing.
Plan to add to my position with one final tranche of buy and seeing how far this stock can go.
From YouTube
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Loves technical analysis and sharing my trade ideas and stock trading journey via my YouTube Channel @Ryugentrades
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