$CROX Another repeat pattern plays out

Posted on Sunday October 04, 2015

On 9/24 I chimed into a conversation on StockTwits warning that a repeat pattern was likely to play out in CROX.

In that conversation, I posted this chart.

Here is how it played out.

The bottom line, is watch your technicals. When a stock is making lower high’s and lower lows, there is no reason to own it. if that channel were to break to the upside and find support above it, then there is reason to own the stock. $STUDY

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