Is Sentiment About to Flip?
It’s Ross Givens here, back with the Chart of the Day. Diving into the dynamic world of Deckers Outdoor (DECK), I dissect its compelling price action. Following a staggering 30% post-earnings surge, the stock gracefully consolidated for three weeks—a textbook example of a shallow pullback. The breakout moment arrived on Monday morning at the yellow line, signifying a prime buying opportunity as supply had already been absorbed.