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Watch for Crocs Inc to Potentially Pullback After Gaining 5.96% Yesterday

By James Quinn

Crocs Inc (NASDAQ:CROX) traded in a range yesterday that spanned from a low of $8.80 to a high of $9.46. Yesterday, the shares gained 6.0%, which took the trading range above the 3-day high of $8.99 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Crocs Inc share prices have moved between a 52-week high of $12.54 and a 52-week low of $5.93 and are now trading 58% above that low price at $9.36 per share. The 200-day and 50-day moving averages have moved 1.15% lower and 0.97% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Crocs Inc on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.33. Since that recommendation, shares of Crocs Inc have risen 21.5%. We continue to monitor CROX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders crocs inc

Ticker(s): CROX