Crox had a high volume bullish break to the upside today on news that it has licensed Marvel Comics characters. It will feature The Incredible Hulk, Spider Man, Fantastic Four, and others. It will also feature Marvel character Jibbitz as well. It broke above the uptrend line on high volume which shows strength and power. This stock is probably headed much higher in the short term. But be forewarned, if the market correction should happen, this stock will fill the rather large gap on the break out from the recent earnings release.
Having said that I think at this point, it would be advisable to add to or even initiate a new position here (for those that are daring). My position will continue to ride this momentum unless the market can confirm further weakness at which point I will take profits.
Bullish on Crox.
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