A look at Deckers Outdoor Corporation — A cup and handle (NASDAQ:DECK)

by DAN Deckers Outdoor Corporation ($DECK) averages are at $57.11 (21 day SMA), $54.65 (50 day SMA), $47.56 (200 day SMA). Over the past 52 weeks DECK has traded from a low of $28.53 to a high of $60.25. DECK was last at $58.31 on a volume of 205,273. Average daily volume has been at 783,020.

Deckers (DECK) has been consolidating for the past month as it trades in a fairly tight range below $60. The daily chart now resembles a “cup and handle” continuation pattern. Technical traders will want to watch the $60 price level. A breakout above that level is a bullish completion of the head & shoulder pattern.

52 Week Range $28.53-$60.25 Market Cap 2,021,975,498 Average Volume 783,020 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 5.20% Percentage of Float Short 28.50% Beta 1.33

Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of innovative, high-quality footwear and accessories.

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