Deckers Outdoor Corp : Coach, Nike, Crocs, and Deckers Outdoor Under StockCall's Microscope
03/21/2013| 09:40am US/Eastern
Recommend:
LONDON, March 21, 2013 /PRNewswire/ --
Apparel, footwear and accessories companies such as Coach Inc. (NYSE: COH), Nike Inc.
(NYSE: NKE), Crocs Inc. (NASDAQ: CROX), and Deckers Outdoor Corp. (NASDAQ: DECK) have seen
weakness in Europe, where consumer spending has been negatively impacted by the ongoing
debt crisis and austerity measures. However, a strong recovery in the U.S. and growth in
China should more than offset weakness in Europe. In addition, Japanese policymakers have
implemented aggressive monetary easing measures, which should boost economic growth in the
world's third-largest economy. On Wednesday, apparel, footwear and accessories stocks
tracked gains in the broad market. StockCall has released full comprehensive research on
COH, NKE, CROX, and DECK and these free technical analyses can be downloaded by signing up
at
http://www.stockcall.com/technicalanalysis
Shares of Coach Inc. rose sharply in Wednesday's trading session, closing 1.69% higher
at $49.29 after touching an intra-day high of $49.42. Despite the gains, the stock has
fallen more than 2.20% so far this week. The company's shares have also fallen sharply for
the year. Year-to-date, the stock is down more than 10.60%, compared to a gain of nearly
9.30% for the S&P 500. The company's shares have traded in a tight range over the past few
trading sessions. The stock has been struggling to break through $50 resistance level. The
stock's MACD chart is currently giving bearish signals. Free technical analysis on COH
available by signing up at
http://www.StockCall.com/COH032113.pdf
Shares of Nike Inc. also rallied in trading yesterday. The stock touched an intra-day
high of $54.88 before finishing the day 1.86% higher at $54.83 on Wednesday. Nike's shares
have been trading sideways over the past two months. The stock has been struggling to
break through $55 resistance level. The stock's MACD chart indicates that market sentiment
has turned bullish on the stock. Year-to-date, the company's shares have gained 6.67%,
underperforming the S&P 500. In the last one month, the stock has gained more than 1%.
Register today and access the free research on NKE at
http://www.StockCall.com/NKE032113.pdf
Crocs Inc. shares edged higher on Wednesday. The stock closed 0.65% higher at $15.46
after touching an intra-day high of $15.53. Despite the gains, Crocs' shares have fallen
more than 3.70% so far this week. Despite the losses this week, the company's shares are
still up nearly 7.50% for the year. Shares of CROX are still trading above their 50-day
and 200-day moving averages, which is a bullish signal. However, the stock's MACD has just
crossed below the signal line, which indicates that market sentiment may have turned
bearish on the stock. The free report on CROX can be downloaded by signing up now at
http://www.StockCall.com/CROX032113.pdf
Shares of Deckers Outdoor Corp. surged on Wednesday. The stock ended the day 3.18%
higher at $50.32 after touching an intra-day high of $51.17. Its shares have broken
through $50 resistance level as a result of the rally on Wednesday. This is a bullish
signal. The stock's 50-day moving average recently crossed above the 200-day moving
average, forming a "golden cross." The stock's MACD is currently trading above the signal
line and the zero-line. Year-to-date, Deckers Outdoor Corp. shares have gained nearly 25%,
outperforming the broad market. Free report on DECK can be accessed by registering at
http://www.StockCall.com/DECK032113.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and
comprehensive research and opinions on stocks making the headlines. Sign up today to talk
to our financial analyst at
http://www.stockcall.com
SOURCE StockCall.com
Recommend :
