DECK (Deckers Outdoor) Feb 17 - Apr 1, 2015

This trade is now closed

April 1, 2015  10:15am We are closing (buying back) our full position in DECK at the market (currently trading at $73.98) for a profit of $0.77 per share or 1.03%.   February 18, 2015  11:35am This is confirmation that DECK did trade below $74.78 today and is officially an Open Trade. We are Short DECK at $74.75.   February 17, 2015  5:38pm Tomorrow, we plan to short (Sell) DECK if it trades below today's low of $74.78.

  • charles

    I would appreciate knowing the reason for this trade. The stock is below the cloud and went thru it with the 20 Day Moving average on a downward slope. The RSI is not going down thru the 50 line so perhaps why the trade is not working out today? Thanks for any explanation.

  • Brock

    Charles, on Feb. 17, there was a bearish engulfing candle and the RSI 7 went below the 50 line, so the next day was the entry. Today doesn't look good right now, but it may change by the end of the day. Hopefully it still closes below the 20 MA.

  • WaveRider

    March 5. Bearish entry below 73.11 (low on 3/2/15). If this triggers, targets could be 71.77, 68.78, 66.08 which correspond to pivot points on either the monthly, weekly or daily charts. I plot the daily, weekly and monthly engulfing candles on my charts.

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