Crocs, Inc. (CROX): Last Night's Post Market Trade of the Day

Click chart for larger image with comments. See detailed arguments below.

Multiple Arguments:

• News
•  Better than expected earnings results
•  "PIPER JEFFRAY UPGRADES CROX FROM $30 TO $35

• Level II Traps
• Visible buyers around the gap down from $29.50 level

• Momentum Trend
• Bounced off $28.77 support to fill prior gap
• Buyers come in and help break the $29.50 below big round $30 level
• Clear upwards trend above all intra-day EMA's showing extended support

• Technical Breakout
• Through $28.50 on the daily  

• Tradability
• Manageable, 0.50 risk 

• Support Confirmation
• Broke the intra-day EMA's right after the $29.50 bounce
• Big candle up, pulls back with a big candle down but maintains supporting upwards trend
• Stayed above the short-term intra-day EMA's
• Nice peak in volume around 10:30 to confirm continued trend 

 Trend levels out at the big round level above $30 heading into the next trading day.  

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