Chart Of The Day: Deckers Outdoor – Big Breakout

  • 100% technical buy signals
  • 13 new highs and up 27.09% in the last month
  • 82.64+ Weighted Alpha
  • The Chart of the Day belongs to the casual footwear company Deckers Outdoors (). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/30 the stock gained 7.63%.

    (Click on image to enlarge)

    DECK Price vs Daily Moving Averages

    Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name. It also provides relaxed casual shoes and sandals under the Sanuk brand name; and casual footwear fashion line under the Koolaburra brand. The company sells its products through domestic and international retailers; international distributors; and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.

    Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

    Barchart Technical Indicators:

  • 100% technical buy signals
  • 82.64+ Weighted Alpha
  • 83.88% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 27.09% in the last month
  • Relative Strength Index 76.91%
  • Technical support level at $618.21
  • Recently traded at $629.14 with 50 day moving average of $525.98
  • Fundamental Factors:

  • Market Cap $16.02 billion
  • P/E 25.77
  • Revenue expected to grow 10.60% this year and another 11.00% next year
  • Earning estimated to increase 16.80% this year, an additional 15.10% next year and continue to compound at an annual rate of 17.90% for the next 5 years
  • Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

  • Wall Street analyst gave 11 strong buy,  3 buy and 3 hold opinions on the stock
  • Analysts’ price targets are between $500 and $750 
  • The individual investors following the stock on Motley Fool voted 697 to 49 for the stock to beat the market with the more experienced investors voting 149 to 13 for the same result
  • Value Line rates its an above average of 2 with a price target of $661
  • CFRAs MarketScope rates it a hold
  • 13,810 investors monitor the stock on Seeking Alpha
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    Author: Travis Esquivel

    Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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