Crocs (CROX) Back Over $40 And Continues To Trend Higher
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I have written about Crocs (Nasdaq: CROX) extensively the past two weeks, while it was trading in the 30s. Crocs today moved past $40 and is currently trading at $40.83.
It is very difficult to guess the bottom in a stock, so some may have gotten in early and encountered some pain, but hopefully you are now in the black. However, Karen Finerman, of Fast Money and hedge fund manager, bought Crocs at $48 because she thought it was oversold. Soon CROX may surpass the $50 level and this could become a profitable trade for her as well.
Well, for those of you who listened to us at the StreetInsider to pick Crocs up in the low $30 range, I hope you are enjoying the gains.
Remember that Crocs has new product lines to launch soon and industry insiders believe that Crocs' new lines will perform well.
By the way, Crocs' received the seal of acceptance from teh American Podiatric Medical Association for its line Crocs Rx shoes.
JR
It is very difficult to guess the bottom in a stock, so some may have gotten in early and encountered some pain, but hopefully you are now in the black. However, Karen Finerman, of Fast Money and hedge fund manager, bought Crocs at $48 because she thought it was oversold. Soon CROX may surpass the $50 level and this could become a profitable trade for her as well.
Well, for those of you who listened to us at the StreetInsider to pick Crocs up in the low $30 range, I hope you are enjoying the gains.
Remember that Crocs has new product lines to launch soon and industry insiders believe that Crocs' new lines will perform well.
By the way, Crocs' received the seal of acceptance from teh American Podiatric Medical Association for its line Crocs Rx shoes.
JR
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