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Deckers Outdoor: 52-Week High Recently Eclipsed (DECK)

By Nick Russo

Deckers Outdoor (NYSE:DECK) traded today at a new 52-week high of $176.05. Approximately 94,000 shares have changed hands today, as compared to an average 30-day volume of 581,000 shares.

Deckers Outdoor Corporation designs and markets footwear and accessories. The Company offers footwear for men, women and children. Deckers sells its products including accessories such as handbags, headwear, and outerwear, through domestic retailers and international distributors and directly to end-user consumers, through call centers, retail concept stores and retail outlet stores.

Deckers Outdoor (NYSE:DECK) defies analysts with a current price ($176.05) 45.1% above its average consensus price target of $96.67. The stock should discover initial support at its 50-day moving average (MA) of $151.73 and subsequent support at its 200-day MA of $133.14.

In the past 52 weeks, Deckers Outdoor share prices have been bracketed by a low of $101.62 and a high of $176.05 and are now at $176.05, 73% above that low price. The 200-day and 50-day moving averages have moved 0.55% higher and 0.84% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Deckers Outdoor on May 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.29. Since that recommendation, shares of Deckers Outdoor have risen 11.7%. We continue to monitor DECK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows deckers outdoor

Ticker(s): DECK