Crocs, Inc.Long
Crocs | CROX | Long at $98.00
Updated
If the overall/long-term upward momentum continues, Crocs CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps (80s-90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, CROX is in a personal buy zone.
Target #1 = $110
Target #2 = $125
Target #3 = $135
Target #4 = $155 (long-term)
CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps (80s-90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, CROX is in a personal buy zone.Target #1 = $110
Target #2 = $125
Target #3 = $135
Target #4 = $155 (long-term)
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Target #1 reached for a 12.2% gain.
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