On Friday night during his "Mad Money" program, host Jim Cramer told viewers about his "game plan" for this week, and that on Tuesday, footwear maker Crocs (CROX) will hold an investor day. Cramer said he expects the company to boost earnings estimates.
I have no special knowledge of the company's estimates, but let's check out the charts and technical indicators.
In this daily bar chart of CROX, below, we can see that prices were in a strong and durable uptrend for most of the past twelve months. CROX stalled in August and is showing some weakness in September including a pullback and test of the rising 50-day moving average line. The slower-top-react 200-day line has a positive slope like the 50-day line but intersects down around $96. The On-Balance-Volume (OBV) line is up for the past year but shows a faster rise from late April. The Moving Average Convergence Divergence (MACD) oscillator crossed to the downside in mid-August and tells us that the trend strength has been weakening.