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Deckers Outdoor Bearish Moving Average Crossover Alert (DECK)

By Shiri Gupta

Deckers Outdoor (NASDAQ:DECK) shares have crossed bearishly below their 10-day moving average of $54.03 on a volume of 192K shares. This may provide swing traders with an opportunity 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 $52.60, 29% 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 its subscribers protect gains by selling shares of Deckers Outdoor on September 6th, 2016 by issuing a Downtrend alert when the shares were trading at $62.11. Since that call, shares of Deckers Outdoor have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses deckers outdoor

Ticker(s): DECK