Nov. 13 at 2:59 AM
$CROX is currently trading at
$75.00, which is below both the 30-day moving average (MA30) of
$81.85 and the 50-day moving average (MA50) of
$81.68, indicating a bearish trend. The RSI at 34.01 suggests that the stock is approaching oversold conditions, which could signal a potential reversal. However, the recent price action shows a range between the 60-day high of
$91.63 and the low of
$73.52, indicating volatility.
Given this context, a directional bias leans bearish, but a potential short-term bounce could occur due to the low RSI. Suggested entry could be around
$74.50, with a stop loss at
$72.00 to limit risk. Target 1 could be set at
$78.00, just above the recent resistance, and Target 2 at
$80.00, aligning with the MA30.
Monitor for any changes in momentum or volume that may impact this plan.
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