The USD 8.42 support, currently tested, should allow Crocs to rally again.
Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at USD 9.4, shows. Nevertheless, the stock seems being oversold, near to its USD 8.4 support in daily data, due to its 11 % down on last trading sessions. This level might stop the short term slumping.
Therefore, the proximity of the USD 8.4 support is an opportunity to open a long trade on Crocs. The first goal is a return near the USD 10 resistance area, that is a potential of around 16 %.
In fact, the security has to cross this area in order to re-establish a bullish trend in the mid-term. A stop-loss order can be placed under the support currently tested.
Crocs, Inc. is engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for women, men, and children. The Companyâs segments include Crocs Brand and the HEYDUDE Brand. The Companyâs Crocs Brand collection contains Croslite material, a molded footwear technology, delivering extraordinary comfort with each step. Its Croslite materials are formulated to create soft, comfortable, lightweight, non-marking, and odor-resistant footwear. The HEYDUDE Brand offers shoes with a versatile silhouette. It sells its products in more than 80 countries, through two distribution channels: wholesale and direct-to-consumer. Its wholesale channel includes domestic and international multi-brand retailers, mono-branded partner stores, e-tailers, and distributors; its direct-to-consumer channel includes Company-operated retail stores, Company-operated e-commerce sites, and third-party marketplaces.
CROCS, INC. 
