Crocs - 52 Week High

Published on Thursday, 29 July 2010 12:34 Written by Christopher Lynn

New York, July 29th (TradersHuddle.com) - Shares of Crocs, Inc. (NASDAQ:CROX) booked a new 52 week high today by trading above $12.28, traders are definitely monitoring Crocs' price action to see if this move attracts further buying into the stock.

Crocs, Inc. (NASDAQ:CROX) produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures a wide assortment of styles for men, women, boys and girls and markets them to retail chains.

Crocs is currently trading 2.76% versus its previous trading session close, and it has calculated support and resistance at $9.88 and $12.18 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.88% from its previous trading close, which means that Crocs stock is outperforming the overall market.