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Deckers Outdoor Corp. Message Board

  • indian8788 indian8788 Jan 24, 2013 4:01 PM Flag

    very solid close above 50D moving average

    Beautiful!!!!!!! Very strong. Tide is turning.


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    • The price relative to the 50 day EMA not so very important at this stage. The 50 day EMA hasn't been too relevant to the price. What's more important is that the moving averages are sorting from the most bearish possible configuration of 200/100/50/26/13 (pure downtrend) into a more neutral configuration. Finally the 13/26/50 EMA are converged and sorted and currently crossing the 100 day SMA. That's a pretty big deal for DECK at this point and should send a strong message to shorts that it's time to cover. A nice pop would be good confirmation that they've understood the message.

      Sentiment: Strong Buy

55.88-1.94(-3.36%)Jun 24 4:02 PMEDT