Had my eye on CROX today and bought shares at 7.01 as it broke above yesterday’s high of 6.94. From here, targeting above 8 to take profits and will consider adding more if it pulls back into the 6.50’s. Using yesterday’s low of 6.26 as my stop area.
Today’s volume in NUS is certainly something to take note of. The stock traded 9.4M shares versus a 10 day average of 1.4M. Volume escalated in mid February with the major gap down selloff and since then has stabilized a bit, still on high volume, and for the past 4 days has started to look bullish as it’s closing back up around the 8EMA. Potentially could use this weeks high of 51 as an area to go long. If NUS can hold above that I think it should be able to get back to 55 quickly, while using the low of 47.10 from 2/23/17 as a stop.
Today’s action in CROX reminds me a lot of RLGY in November when it bottomed. Earnings gap down and immediate reversal to close near highs, and on much higher than average volume. Going to follow CROX closely and interested in opening a long position on 3/2/17 if it continues through Wednesday’s high of 6.94. If this is the case, it could make its way back up to 8 or even 9 in the near future.