Monday, November 23, 2020 1:33 PM EST
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.
Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...
more
Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
less
How did you like this article? Let us know so we can better customize your reading experience.
