Deckers Breaks Neckline of Inverse Head and Shoulders

By | November 17, 2014

Shares of Deckers Outdoors (DECK) are breaking above the neckline of an inverse head and shoulders continuation pattern on the daily chart. The stock recently dropped below a long tern uptrend line drawn off the lows since 2012. It held its 200 day average during the consolidation phase, and now is back above the long term trend line, the $92.00 neckline level, and its 50 day moving average. Price momentum and money flow indications are positive.

17. DECK chart

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