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Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (155)8/16/2017 7:06:29 PM
From: Underexposed  Read Replies (1) of 187
 
Adding a new stock to the Fantasy Portfolio - Crocs Inc. [CROX:NASD]

Well it did not take me long to find a new stock to play. My stock filter popped out this gem... Crocs Inc. - CROX

Now I can hear the muttering... a shoe company? A cheap shoe company? A cheap shoe company with lots of knock-offs?

Well I will make my case here.

FUNDAMENTALS

1) the company has NO short term or long term debt over the last 5 quarters.

CROC FINANCIALS

Crocs Inc
.
Exchange: Nasdaq Global Select
Aug 16, 2017, 4:55 PM EDT

USD in Millions except per share data 2017-062017-03
2016-12
2016-09
2016-06
Total Assets
631 601 566 625 666
Current Assets 496
463 425
476
513
Current Debt And Capital Lease Obligation
2
4 2 4 5
Current Debt -- -- -- --
--
Long Term Debt And Capital Lease Obligation
0 0 0
0
0


2. Total revenue rising, net revenue rising and expenses reasonably stable

USD in Millions except per share data
2017-06
2017-032016-12
2016-09
2016-06
Total Revenue 313,221 267,907 187,417 245,888 323,828
Gross Profit 169,807 133,584
78,724 122,434 169,640
Total Expenses 283,775 252,325 227,204 247,103 303,223
Net Income 21,959 11,010
(40,644)
(1,533)
15,537

The Total Revenue has been rising nicely for the last 3 quarters...BUT look at the total revenue for the same time period...very nice increase

CHARTING



This stock seems to be in recovery for the second time. It has passed through a resistance band at $8.70 and not is headed for another band of resistance at $10.05 with another band after that at $11.25 - $11.55

I think that we can pass the first resistance though there may be a hiccup there... the second band may be a stronger one...

The Blue/Red lines are starting to show a truly bullish run as the blue about to rise above the red.




This is my trigger chart. Obviously I missed the best point of entry which was back on August 10 or so. Also you see the hint of a curl in the BBwidth.... we are approaching that resistance at $10.05 so this is expected. Everything else looks great.

One more chart decides this for me... the Ichimoku chart.





ZERO negatives here... no clouds in the way and high above the green cloud and not even a hint of a red cloud ahead.

The other two indicators are VERY bullish

CONCLUSION


This is a no-brainer for me. There is nothing fundamentally or charting that is weak. There my be some bumps along the way but I think the risk is worth the reward.

I will buy 3000 shares of CROX @ today's (Aug 16/17) close at $9.43/share for a total of $28,290.00

We have $32,000 in cash so we don't have to sell anything to fill this order.

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