L CROX Price in clear uptrend with the major MA sloping up
Recent earnings good and came with a gapup
execution on the base formed and break up of it
SnP500 and NQ Showing sign the retracement is ending and a new up swing is in motion
Stop if close firmly below 120, or a very strong selloff Price Action
TP1: at prev swing high arnd 143.5 take 3/4 out
TP2: arnd 150 , the upper trend line , take reminder off
CROX trade ideas
Is it turning back down? I see some potential bearish patterns here. Is very early to tell but if it happens is going to fall very fast like it did before. The big rejection at the $140 level tells me that the price is losing steam and it can turn around at any moment. I have a short position. I know I could take a few more days to build up, I'm waiting.
CROX daily - the possibility of a bull run after a breakoutTHE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position.
CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop in front of us. This whole consolidation was on smaller volume which is great for bulls because it shows us there are not too many sellers.
CROX is above 20, 50, and 200 days MA which is bullish. This consolidation need to keep CROX above 20 days MA to stay bullish.
Volume is showing us for now this is only a consolidation of price not the start of a bear move.
RSI did cool down which is good for bulls.
MACD is close to the zero line and should be great for CROX to keep it above zero lines and start moving up slowly.
Overall: CROX consolidates its price on this level and is forming a small falling wedge or Bullflag which both are bullish Patterns. A break of the upper dotted trend line would be a point for entering a long position. Also if it starts to move on stronger volume would be a buy signal. The first major resistance could be at the top of the shooting star but it should pass through it if breaks occur. If the drop continues on a smaller volume and smaller candle it would still be bullish but in that case, would be triggered BullPullback pattern and a bullish one.
CROX - bullish but near-term resistence overheadCROX is up 28% since breaking out from a 3 month sideway consolidation in early Nov2022. I posted about it on 6 Nov and placed a tight stop just under it's last bullish candle @ 76 and was never stopped out.
It is now forming a bullish pennant (a positive) just under a horizontal resistence zone 109 - 111 (a negative). the chance of breaking up or pulling back from here is 50-50 right now. I will take 1/3 profits and tighten the stop for the rest to just under 100 (50% fib retracement of it's most recent mini upswing).
Should the stock has a successful breakup above 111 eventually, then that will be another bullish trigger. Let's see how it goes.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX Stock analysis Stock analysis – CROX
CROX has recently been included in my portfolio due to its impressive fundamental data and strong technical performance throughout the macroeconomic headwinds.
Fundamental picture
In the last 3 years CROX earnings per share (EPS) has surged 117% and sales have climbed 43%. These exciting numbers are backed up with consensus estimates being revised higher each quarter, indicating an upward trajectory. In addition, the Return on Equity value is 113% while the EBITDA margin is sitting at 28%. These values are encouraging as they show the company is very efficient at returning profit from investment in a highly competitive industry. A cautionary note should be added due to the high debt held by CROX, which could become increasingly problematic in a high interest environment. Although this requires monitoring, the high earning power of CROX should allow them to manage their debt load effectively.
Relative strength
A clear sign of an emerging group leader is strong price action in the face of a retreating broader market. The most recent downturn in the broader @Nasdaq and @S&P500 markets has not been reciprocated by CROX. In the previous month the broader markets have dropped approximately 10% while CROX has gained almost 15%. This is signal of institutional accumulation during a time of fear.
Inflection point
The fundamental picture tells you what to buy, whereas the technical picture tells you when to buy.
CROX is in a confirmed uptrend as shown by the traffic light lines in the graph. The green (50-day MA) is above the orange (100-day MA) which in turn in above the red (200-day MA). This trend is backed up by the RSI line operating in the upper half of the (purple) graph. The buy point is indicated by the recent breakout from the consolidation channel at the same time as the bullish MACD cross. This indicates the momentum has shifted from consolidation to accumulation and was the exact point my portfolio started buying.
As always, do your own research and remember that risk management is paramount.
Copy me on Etoro --> Username: JM15931 or Josquin Mills
CROX - broke out of consolidationCROX broke out of an Adam & Eve bottom on 29 Jul, however it began to trade in a wide sideway range for the next 3months. Part of the reason could be due to overall market weakness / bearishness and traders/investors were not bullish enough to want to push the stock decisively higher until they can see at least another round of earnings beat/guidance.
With the stock is now back above it's 200 day moving average and it is likley that it is on it's way to "recovery'. However I will not be too surprised that the path forward could stll be fraud with choppiness considering the overall market condition.
With the strong volume push above the consolidation range, any near term retracement could (hopefully) find support at Friday's large candle's low @76.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX - uptrend still intactDespite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now.
Stronger resistance coming up around $84 so watch out here.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX - Adam & Eve breakupCROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65).
Could face some headwinds as it hit around $84 eventually. But after some consolidation, should it be able to break above $84 then a longer run is definitely underway.
p/s watch out for Earnings expected this Thurdday (before market opens). Any selling on "news" could be opportunity to stake if it hold above the neckline @ 65
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Happy Cinco De MayoEarnings 5/5
PENN
LCID
BUD
NKLA
CRCX
MELI
SQ
DDOG
RCL
SHOP
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$CROX - 2Year Outlook - It's a buyLet me start off saying that i hate Crocs and i will never own a pair, but i recognize that other people like them and in a way Crocs can be considered the new age Sandal.
The Juice
I'm no expert at any of this, but even i can see that Crox is undervalued by A LOT. Their recent acquisition of HEYDUDE shoes that costed them 2B in debt is what seems to have attracted plenty of small time sharks like Loop Capital that are known for telling investors to sell their GameStop shares as it was supposedly worth $10 and quoting Anthony Chukumba from Loop Capital on CNBC: "Sell now, think later".
Needless to say, yes, a little debt has attracted wallstreets' ugly side to this company. Sharks see debt, they see an opportunity for busting a company out on the long term by spreading lies and short and distort tactics like slashing $CROX stock price from $180 to a $80 recently. All that just for a little debt that'll be paid off in 2 years since $CROX is extremely profitable (35% profit margin) and can easily handle this debt (and they know it, hence why they even did this acquisition).
Multiple insiders have actually bought $CROX stock in April (about 4 of them) all around the price of $76 indicating that even they think this is a dip. The last time insiders bought their own dip was in 2020 March when Corona hit and all stocks dived. This shows that the $CROX insiders are "trading savvy" bastards. The insiders buying wasn't just a disposal/exercise/tax thing either, it was pure code "P" purchases and i re-iterate that multiple insiders bought the stock.
The signals
The 5 year MACD & RSI indicate that the ~70 ish area is a good buy and the stock's fundamentals more than support this idea. What doesn't support this is Loop Capital coming out batting with their $80 PT indicating that they have more in store for $CROX short and distory until the HEYDUDE acqquisition goes through.
I consider Loop Capital to be a scum tier hedgefund. They aren't even predators, they are scavengers. My hopes are that they are here only for the short term gains to be made by using $CROX 2Bn acquisition debt as the excuse, maybe they'll use other tactics, but in the end $CROX is not just a profitable company, but an extremely profitable company.
No one is paying attention to $CROX because it's ugly rubber molded shoes, and that's why i'm long at $70 and i'm continuing to build my position. Somehow, $CROX is a thing and they make money, it's ridiculous, but if i sit and think about it, i can kinda understand it... there are people out there (more than i'd think...) that wear this in my opinion trash... and that's it... people wear Crocs. I made fun of Crocs as being a bit of a "meh" thing to wear to a Russian colleague and he thought Crocs were ok, i guess there's lots of people out there like him...
Other info
There are no other signals that i'm aware of, there is no squeeze, no high SI, no hidden shorts, nothing too weird going on here. The only funky thing about this is that $CROX had a big dump from November 22 2022 until recently and that dump is the same dump the entire retail sector & retail ETFs have felt. You'll see the same dump on almost all of retail except bigger stocks like Jeff Amazon's stock. Even GME had the same dump as well as XRT and many many others.
I'd love to believe that this is a sector-wide short so that big boys can buy in on retail at low prices before what might be the next retail sector mega pump since supposedly Covid19 is suddenly "over". A big irrational short before buying in is something i've seen happen a few times on single stocks, but never sector-wide.
Again, this is another one of the many reasons i've bought in on $CROX at $70 and consider it a long term play (2-4 years). I'm secured for another dump in case Loop Capital and other scavengers try to spread fake news about the company or try to change sentiment. At the same time i've sold a few puts in the money, at the money and out of the money because i'm extremely bullish for CROX long term and think anyone betting against it is going to get burned.
I don't believe there's more downside to $CROX beyond what could be caused by another market correction. The insiders believe $76 is a strong buy and they've never been wrong, so yeah... get on the rubber shoes bandwagon today...
Crocs 40%-60% Potential UpsideCrocs'(CROX) acquisition of casual footwear brand Hey Dude is expected to be "immediately accretive to earnings" and will also allow the clogs maker to diversify into larger footwear markets, B. Riley said in a research note emailed Monday.
Crocs (CROX) said Thursday it agreed to buy Hey Dude for $2.5 billion. The company said it would pay $2.05 billion in cash and $450 million in Crocs(CROX) shares issued to Hey Dude CEO Alessandro Rosano. The deal is expected to close in Q1 2022, Crocs(CROX) said.
B. Riley said the deal would allow Crocs(CROX) to further diversify out of clogs and into other casual products such as boat shoes and sneakers. The analysts noted that the casual footwear market is estimated to be worth around $125 billion, compared with $8 billion for the clog footwear market.
The analysts said they are still positive on Crocs(CROX) shares due to strong demand for their core products and are estimating $1.00 per share in accretion to FY 2022 earnings per share due to the acquisition.
B. Riley has a buy rating and $174 price target on Crocs(CROX).
Company Profile
Sector :Consumer Discretionary
Industry : Textiles, Apparel & Luxury Goods
Company Location : Broomfield, CO
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including sandals, wedges, flips, slides clogs, charms, and shoes under the Crocs brand name. The company sells its products in approximately 80 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces. As of December 31, 2020, it had 186 outlet stores, 100 retail stores, 65 store-in-stores, and 13 company-operated e-commerce sites. The company serves in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.
12-Month Price Targets
Mean: $204.00
High: $300.00
Low: $157.00