Birkenstock (BIRK) shares of the casual footwear name are nearing a bullish MACD cross as the stock tested the rising 55-day MA support at 54 and held above the open earnings gap from late May. BIRK formed an inside day candle this week and now looks primed to attempt reentry into monthly value area with a break above 56.50 likely pointing to upside towards 60 where a separate open gap waits to be filled. Earnings not until late August and earlier this month the stock saw an upgrade from UBS to Buy and a $85 price target.