CROX Intraday Update

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Crocs, Inc. (NASDAQ: CROX): 3:55 PM NYC Time: Back from my fishing day and see that, true to form and as has been noted in some of my prior CROX posts, the stock made its highs early in the day then consolidated (see above 10-day hourly chart). Today is similar, only the daily candle has turned big and red. That’s often a stoplight for a prior move, at least temporarily. Time will tell. As mentioned in my pre-market earnings flash and my prior posts…


…a positive surprise was likely baked into the price. That appears to be the case, although we’ll have to see what happens next week to be sure. Profit taking abounds. Cheers and have a great weekend!

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CROCS INFO:
Index of CROX postings
Crocs on Amazon.com

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One thought on “CROX Intraday Update

  1. I got out Friday at around 33.40, for a 30% gain overall. I would have sold earlier in the day, but I was at school and didn’t have access to a computer. Looks to be that a correction may be in store as profit taking occurs, but as you said, we’ll have to wait and see what happens tomorrow and the rest of the week.
    Thanks again for your CROX posts, they were very helpful and insightful.
    Be sure to keep us updated on your new picks!

    REPLY FROM CHRIS: Nice work. Same type of thing happened to me… I was fishing all day and got home after 9:00 at night Sweden time (3:00 NYC time) and saw the intraday reversal. I was able to take most of my gain, but that fishing trip wound up costing about $3,000 in missed profits. I am now long 20 May $35 calls just in case another big pop comes in the next two weeks. IF CROX corrects much more I’ll be looking to buy back in on a solid upside reversal signal. Cheers!

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