Still short CROX

BATS:CROX   Crocs, Inc
Last night Crox beat (sort of) earnings estimates - posting higher profits but not much in the way of increased revenue or future expectations.

It's set to open UP 8% this morning, trading near $15 in pre-market (7/26/12).

As you can see by the chart, that's STILL not even breaking the 20 or even 50-period moving average (weekly scale) -- meaning the trend for the world's greatest purveyor of abstinence footwear still favors a downward move.

In the absence of any earth-shattering news from CROX , I still look for this to go down and think we'll see the high $13's and low $12's before we breach the moving averages and confirm a trend reversal.

Looking to short on today's pop with the aforementioned targets, placing a stop somewhere around the mid to high $15's...

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.