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Deckers (DECK) in Focus: Stock Moves 5.3% Higher

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Deckers Outdoor Corporation DECK was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $102.49 to $116.44 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2018 results.

The company has seen its Zacks Consensus Estimate for earnings for the current quarter move higher over the past few weeks, suggesting that more solid trading could be ahead for Deckers. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Deckers currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.  

Deckers Outdoor Corporation Price

Deckers Outdoor Corporation Price | Deckers Outdoor Corporation Quote

Another stock worth considering in the Shoes and Retail Apparel industry is Rocky Brands, Inc. RCKY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is DECK going up? Or down? Predict to see what others think: Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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