Candlesticks - Bearish Engulfing Crocs

crox New York, January 22nd ( - Shares of Crocs, Inc. (NASDAQ:CROX) ended the trading session lower by $0.3 or -2.06% from its previous close. Crocs' price action formed what is considered to be a bearish engulfing candlestick chart pattern.

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' current stock range is determined by calculated support defined at $14.13 and by the resistance level at $15.90, which should be used by traders planning their next move.

If traders want to establish a position in Crocs, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Crocs for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

TradersHuddle Search

Stock Search:

Site Search:


Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 18,187.04 ▲145.50 (0.81%)
o S&P 500 2,125.86 ▲21.66 (1.03%)
o NASDAQ 5,110.71 ▲77.96 (1.55%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,187.04 Trade time:3:51PM EDT Value change:▲145.50 (0.81%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,125.86 Trade time:3:51PM EDT Value change:▲21.66 (1.03%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,110.71 Trade time:3:51PM EDT Value change:▲77.96 (1.55%)
Copyright © 2013 All Rights Reserved.