The provided HTML code contains the content of a web page, likely an article about a buying opportunity in a consumer stock, Crocs, Inc. (CROX). Here’s a summary of the article based on the information provided in the code:The provided HTML code contains the content of a web page, likely an article about a buying opportunity in a consumer stock, Crocs, Inc. (CROX). Here’s a summary of the article based on the information provided in the code: Main Points: * The article identifies CROX as a consumer stock with a long-term bullish trend. * It highlights the company’s recent pullback, offering a potential buying opportunity. Technical Analysis: * The article uses technical analysis to support its recommendation. * It notes that CROX has pulled back to its 50-day moving average, a level that has historically served as support within primary uptrends. * The article points out that the stock’s Relative Strength Index (RSI) is above 40, indicating bullish momentum despite the recent dip. * A trendline analysis suggests that the current price action may present an ideal entry point. Investment Considerations: * The article suggests that CROX is a consistent outperformer that has been outperforming the S&P 500 index. * It encourages investors to consider buying into this pullback as a potential opportunity to participate in the next leg up. Disclosure: * The article includes a disclosure statement indicating that the opinions expressed are solely those of the contributor and do not reflect the views of the publishing platform. Additional Information: * The article includes images and a highlight share feature, which are not captured in this summary. * It provides a link to the source website, emeatribune.com. Note: This summary is based on the provided HTML code, which is a fragment of a larger web page. The full context and conclusion of the article may require accessing the original webpage.
I’m always looking for stocks with ideal technical setups, and my favorite is a chart with a long-term uptrend and short-term pullback. This setup has proven to be so profitable that most institutional quantitative models include a momentum factor commonly referred to as “12-1 momentum”, basically looking for stocks with strong 12-month returns and weak 1-month returns. I actually call this setup a “fat pitch” chart. In baseball parlance, a fat pitch is a fastball that goes straight over the plate, and regardless of the count, you swing at that pitch because there’s a high probability that you’ll get it in play. So when a chart is in a primary uptrend, and then has a significant pullback to make a higher low, this fat pitch chart can often provide a fantastic “buy on the dips” opportunity. We’ve seen that particular setup this week with Crocs, Inc. (CROX), which is down about 12% from its mid-June peak. After making a new all-time high around $165 a few weeks ago, CROX has pulled back to an ascending 50-day moving average, a level that often serves as support within primary uptrends. Looking back to the November 2023 low, we can see that CROX has made a few pullbacks to the 50-day moving average and that after briefly breaking below this smoothing mechanism, the price has tended to recover and make a new swing high. We can also see that the RSI is currently trading just above the 40-level, which tells us that price momentum remains fairly bullish despite the recent drop in price. The bottom panel shows a relative performance line, which tracks CROX’s performance against the S&P 500 index. With the relative line slightly sloping upward since the November 2023 low, I can confirm that this stock has been a consistent outperformer. And if I get the chance to buy an outperformer while it’s taking a break in the uptrend, that’s an opportunity I’d definitely want to take. A quick trendline analysis also suggests that we’re at an ideal entry point. The price declines in November and January line up pretty well with the subsequent declines in February, April, and May. And that trendline lines up right where CROX has been trading this week. We can also note that this week’s price action is right on the early June low, as well as the late March high, which forms a so-called “pivot point” that has been tested and confirmed numerous times over the past few months. If you’re having trouble buying breakout names because it feels like you’ve already missed the best part of the move, then a pullback name like CROX might be a much better fit for your investing approach. Even the strongest uptrends have pullbacks along the way, and those can often result in ideal entry points to get in on the next leg up. DISCLOSURES: (None) All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the views of CNBC, NBC UNIVERSAL, their parent companies or affiliates, and may have been previously disseminated by them on television, radio, the Internet or any other medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO PURCHASE ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS OF A GENERAL NATURE AND DOES NOT REFLECT THE UNIQUE PERSONAL CIRCUMSTANCES OF ANY INDIVIDUAL. THE ABOVE CONTENT MAY NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEK ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for full disclaimer.
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