CROX is now up over 16% MTD, after being down as much as 17%.
While it certainly wouldn't have the same growth expectations as something like the tech sector, the company still seems to be fundamentally sound with pretty consistent YoY increasing revenue, along with massive profit margins and returns on equity.
A short-term reversal may be in order based on today's price action (gap up, new high, and quick reversal from its intraday high to close toward the middle of the day's range), but the long-term setup looks very interesting for those who have the patience to sit through the meat of this move.
While it certainly wouldn't have the same growth expectations as something like the tech sector, the company still seems to be fundamentally sound with pretty consistent YoY increasing revenue, along with massive profit margins and returns on equity.
A short-term reversal may be in order based on today's price action (gap up, new high, and quick reversal from its intraday high to close toward the middle of the day's range), but the long-term setup looks very interesting for those who have the patience to sit through the meat of this move.