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After Yesterday's Rally of 1.56% Shares Could Potentially Pullback

By Shiri Gupta

Deckers Outdoor (NYSE:DECK) traded in a range yesterday that spanned from a low of $175.65 to a high of $179.97. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $178.08 on volume of 90,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Deckers Outdoor on September 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.29. Since that recommendation, shares of Deckers Outdoor have risen 19.6%. We continue to monitor DECK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Deckers Outdoor has traded in a range of $110.87 to $180.76 and is now at $177.74, 60% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders deckers outdoor

Ticker(s): DECK