Bulls in Charge of Crocs

crox New York, January 1st (TradersHuddle.com) - Shares of Crocs, Inc. (NASDAQ:CROX) ended the trading session higher by $0.51 or 3.68% from its previous close. Crocs' price action formed what is considered to be a bullish engulfing candle that could very well signal a continuation of trend or reversal of the ongoing weakness.

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' recent stock range was formed by a trough where calculated support was defined at $13.31 and by a peak that established the resistance level at $14.36. This range could be used by traders managing their positions.

Traders wanting to establish a position in Crocs or traders that are already holding the stock can use the bullish engulfing pattern to their advantage. The pattern provides a defined risk, as it shows where the bears were able to push the stock down, before the bulls step in with a bid.

The bullish engulfing pattern is a leading indicator that provides an alert to the bulls that the trend will continue or that there is an immediate reversal to the short-term weakness seen on the stock. Below an Engulfing Bullish Candle Illustration:

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,461.32 ▼153.49 (-0.92%)
o S&P 500 1,927.11 ▼14.17 (-0.73%)
o NASDAQ 4,382.85 ▼36.63 (-0.83%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,461.32 Trade time:4:35PM EDT Value change:▼153.49 (-0.92%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,927.11 Trade time:4:35PM EDT Value change:▼14.17 (-0.73%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,382.85 Trade time:5:15PM EDT Value change:▼36.63 (-0.83%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.