A look at Deckers Outdoor Corporation — Are the Bulls in Jail?

by DAN Deckers Outdoor Corporation ($DECK) averages are at $81.20 (21 day SMA), $81.55 (50 day SMA), $67.06 (200 day SMA). Over the past 52 weeks DECK has traded from a low of $46.13 to a high of $90.09. DECK was last at $74.47 on a volume of 1,153,070. Average daily volume has been at 1,420,372.

52 Week Range $46.13-$90.09 Market Cap 2,572,986,907 Average Volume 1,420,372 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 5.20% Percentage of Float Short 17.90% Beta 0.92

Deckers Outdoor Corp. (DECK) reported disappointing earnings last week and gapped from $82 down to $75 where it ultimately fell to test $70. Volume was massive last Friday as nearly 10 million shares changed hands. The stock has yet to test the gap created by the earnings miss. This is a stock that’s likely to continue to consolidate for a while. Technical traders will probably see that the stock is basically in jail and refrain from buying the stock.

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

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