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Shares of Deckers Outdoor Rise to a New 52-Week High

By Nick Russo

Shares of Deckers Outdoor (NYSE:DECK) traded today at $100.96, breaking its 52-week high. This new high was reached on below average trading volume as 75,000 shares traded hands, while the average 30-day volume is approximately 561,000 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.

In the past 52 weeks, shares of Deckers Outdoor have traded between a low of $44.00 and a high of $100.96 and are now at $100.96, which is 129% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

Deckers Outdoor (NYSE:DECK) is currently priced 2.4% above its average consensus analyst price target of $98.50. The stock should find initial support at its 50-day moving average (MA) of $57.73 and further support at its 200-day MA of $56.37.

SmarTrend recommended that subscribers consider buying shares of Deckers Outdoor on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.68. Since that recommendation, shares of Deckers Outdoor have risen 4.7%. 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