Wednesday, August 11, 2010

Deckers Outdoor Corporation (DECK:NASDAQ)

Deckers (one of the famous C.A.N.D.I.E.S. stocks) hit a very attractive level today. This stock is on sale. What do you do when amazing UGG boots are on sale? You BUY BUY BUY! That is exactly what you should be doing with this stock right here right now. Deckers will benefit from strong sales going into the fall and winter seasons. Look at this chart below:



The stock is trading in a very nice range. We can buy here at the bottom of the range and ride it up past 50$. A good sell target would be 51-52$. I picked some up today. I will be buying more if we see 43$ or lower. Good luck with this one!

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