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Deckers Outdoor Crosses Above its 10-day MA (DECK)

By Nick Russo

Deckers Outdoor (NASDAQ:DECK) shares have crossed bullishly above their 10-day moving average of $65.22 on a volume of 264K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Deckers Outdoor share prices have moved between a 52-week high of $72.72 and a 52-week low of $44.00 and are now trading 49% above that low price at $65.55 per share. 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 March 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.00. Since that recommendation, shares of Deckers Outdoor have risen 11.1%. 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

Ticker(s): DECK