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Forecast Report Update: CROX Long Play Up Sharply, Short Play Also a Winner

  • by MidnightTrader.com
    February 26, 2010 - 3:23 pm EST
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03:23 PM Eastern Standard Time, 02/26/2010 (MidnightTrader) — In last evening’s Forecast Report, Crocs (CROX) signaled a possible short play for early Friday from the 5.70 to 6.80 mark, a top that formed in the latter portion of night trading. From the long side, a play from 6.41 to 6.50 emerged.

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  • Want to manage your risk better when trading CROX?

Early Friday, CROX established a pre-market lows at 6.42, right within our target. A buy there, as measured to the day high of 7.18, is 11.8% in the black.

From the short side, the stock moved as high 7.42, well north of our target. Still, a sell at the top part of our range, at 6.80, as measured to the regular session low of 6.69, is 1.6% in the black.

Price: 6.96, Change: -0.83, Percent Change: -10.7

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