Crocs trending lower as the market moves...

Rick Pendergraft

published in Blogs

Jul 12, 2019

Crocs trending lower as the market moves higher

Casual shoe manufacturer Crocs (Nasdaq: CROX) has not been participating in the 2019 rally, at least it hasn’t up until now. The stock has been trending lower since early January and is down just over 21% on the year.

Crocs has rallied in the last few weeks since its June 19 low, but that rally has only brought the stock up to its 50-day moving average and the trend line could act as resistance now.

We see that the rally brought the daily stochastic readings out of oversold territory and they just touched overbought territory earlier this week. The indicators have since turned lower and made a bearish crossover on June 11.

The Tickeron Trend Prediction Engine generated a bearish signal for Crocs on June 10 and the signal showed a confidence level of 75%. The signal is predicting a decline of at least 4% within the next month and previous predictions on the stock have been successful 90% of the time.

The company has struggled in recent years with flat earnings and sales over the last three years. The management efficiency ratings are mixed with a solid ROE of 33.4%, but the profit margin is only 6.5%.

Related Tickers: CROX

Sergey Savastiouk

published in Blogs

Mar 07, 2021

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

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Sergey Savastiouk

published in Blogs

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3 Stocks to Buy if Coronavirus Second Wave Hits

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Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

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Alla Petriaieva

published in Blogs

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Sergey Savastiouk

published in Blogs

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When Is the Next Recession Coming?

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

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Rick Pendergraft

published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.