High volume and support held option open interest increased to 10k on 15.00 CROX140118C00015000 0.40 0.00 0.40 0.50 1,043 16,309 january Call 15 strike Good luck !
closer in, RSI is at support and pointing lower, with large activity on the Mar 15 Call into earnings tonight. Collared my long position earlier
Long until 20-day is broken on volume, 8 cents risk for 50 cents+ of upside
CROX carved out a bull pennant formation and is looking to be breaking out from it. Upside target would be the 50% retracement of the larger move at 38.00. I'd be looking to enter long at current levels around 14.50 with a stop at 9.00 and targeting $28 for the first half of my position, and $38 for the second half.
for me to get interested in a possible dumpster diving trade
CROX was a risky long prior to earnings. On a daily chart it was o.k., but a weekly chart showed the damage.
Last night Crox beat (sort of) earnings estimates - posting higher profits but not much in the way of increased revenue or future expectations. It's set to open UP 8% this morning, trading near $15 in pre-market (7/26/12). As you can see by the chart, that's STILL not even breaking the 20 or even 50-period moving average (weekly scale) -- meaning the trend for...