Technical Analaysis Using Dwight's Checklist on 4/8/2011

 

Momentum approach has 5 YES and 2 No
Conclusion:  Price of Crocs is in an upward direction.  We remain long 602 shares of CROX.

Market-Timing approach has 0 YES and 3 NO
Conclusion:  CROX may be overbought.  We tighten our stop loss from 15 to 16, which is the previous low (see the chart below).

Daily chart of CROX on 4/8/2011.  Technical analysis drawings assist to make adjustment decisions:
1)  select a new stop loss price from 15 to 16, which is the new previous low swing.
2)  Fibonacci analysis assists to select a near-term target price range between 20.84 to 22.39 as the next resistance area to decide to stay long or take profit.  This is if price can break through the previous high of 19.61.