Trade Alert: Crocs Stock Chart Sell Signal

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Nov 23, 2020 at 1:33 PM EST

Based on the Crocs stock chart sell, expect a $45.00 price target. The move up on Crocs has been anything but routine.

Shares of Crocs Inc (CROX) are slightly higher on the day. However, that barely tells the tale of what just happened. There is a major Crocs stock chart sell signal that just triggered today. Technical chartists can easily see it by connecting the high pivot from October 30th, 2019, and the major high pivot from January 2020. If you extend that line out, Crocs stock chart just hit. This gives traders a great basis for short selling the stock for an expected pullback in the coming weeks.

Based on the Crocs stock chart sell, expect a $45.00 price target. The move up on Crocs has been anything but routine. In March 2020, Crocs hit a low below $10 and today hit a high of $62.68. The RSI currently stands near 76, also signaling a major overbought condition.

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