Is CROX Staging a Comeback?

Luxury is in the eye of the beholder, but this casual lifestyle footwear and accessories maker has broken the mould with its signature clog, which needs no introduction.

Crocs Inc.’s (NASDAQ: CROX) share price has been heading in one direction, up, while its peers have been struggling in these uncertain economic conditions. The footwear maker has shown its resilience and grown revenues by 54% over the last year, while its share price has seen gains of over 110% over the previous year. Crocs (purple line) has outperformed some “big” names in investing, like Apple, Amazon, Nvidia and Microsoft, by some margin.


Looking closer at the daily chart of Crocs, we can see the price action broke out of a base formation in mid-April and pushed higher through the $143.78 share level and continued higher. The $143.78 support (red line) will be watched for a possible pullback as traders take some profits off the table, with the $159.97 resistance firmly in focus as the next level of interest.  

For the bear case, the next earnings release is scheduled for the 27th of April to see if the expectations are missed, which could potentially see the price move lower to the $143.78 support. If the support does not hold, we could see the price continue lower to the base breakout level of $131.71. Same for the bull case, if the earrings impress, we could see buys move back in and potentially drive prices higher to the significant resistance at $159.97.


Crocs Inc has had a remarkable streak of beating earnings estimates; nevertheless, the two technical levels of interest that should be watched are the $143.78 support and $159.97 resistance. If earnings exceed expectations, a possible opportunity exists that we could potentially see the price action move to the significant resistance level. If the earnings miss and traders and investors take profits off the table, then we could potentially see the price move lower the support levels.

Sources: Crocs Inc, Koyfin, TradingView, Benzinga.

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