Shares of Crocs (CROX) are selling for a shoe size or a hat size if you have large feet -- a small shoe size that could get even smaller in the months ahead. CROX was downgraded by TheStreet's Quant Ratings service today so it just adds weight to the bear case we see on the charts.
In this daily chart of CROX, below, we can see a stock that has had a hard time. There was a decent percentage move in May through July but then the stock "got slammed" and is back near its 52-week lows. The slopes of the 50-day and 200-day moving averages are pointed down.
The On-Balance-Volume (OBV) line is pointed down telling us that sellers are more aggressive even at these low levels. The Moving Average Convergence Divergence (MACD) oscillator has managed to approach the underside of the zero line and now looks like it is crossing to a new sell signal.
In this three-year weekly chart of CROX, below, we can see the prolonged downtrend. Prices are below the declining 40-week moving average line and the weekly MACD oscillator is in bearish territory and the OBV line is working lower.
CROX could try to bounce but it would be a surprise as everything is pointing the way to still lower prices.