Deckers Outdoor Bearish Moving Average Crossover Alert (DECK)
Deckers Outdoor (NASDAQ:DECK) shares have crossed bearishly below their 10-day moving average of $62.06 on a volume of 137K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Deckers Outdoor has traded in a range of $40.74 to $78.00 and is now at $60.71, 49% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Deckers Outdoor on June 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.76. Since that recommendation, shares of Deckers Outdoor have risen 16.1%. We continue to monitor DECK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses deckers outdoor