When people think of monster winners, Deckers (DECK) almost never comes up.
Fancy, comfortable shoes aren’t as sexy as AI semiconductors.
But DECK has been producing massive win after massive win for a long time.
Here’s the chart:
There was a big win starting in 2020 that exited nicely when the bull market turned into a bear market.
And then there was an entry on the monthly chart at the end of the bear market in December 2022 after price had closed twice in a row over the 12-month moving average.
That entry was at $66.23 and, as you can see, price is now at $171.
Fancy shoes can run a long way.
And now we’re seeing some consolidation without closing below the simple moving average.
A break above $182.29 could actually be the start of yet another run if the overall market stays bullish.
DECK may not be done yet.
Happy trading,
— Scott Welsh
