CROCS Bullish Moving Average Crossover Alert (CROX)
Today, shares of CROCS (NASDAQ: CROX) have crossed bullishly above their 10-day moving average of $7.53 on volume of 2 million shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for CROCS on January 05, 2010 at $6.12. In approximately 2 months, CROCS has returned 27.9% as of today's recent price of $7.83.
We will continue to monitor CROX's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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