Tightly Coiled Consumer Discretionary Name Ready to Run Higher
Deckers Outdoor (DECK) shares of the footwear name closed strong on Monday after seeing a long hammer candle reversal off lows that flushed down to run stops under 200 before rebounding hard to close back over monthly value area low and now looks ready to run back to highs with a tightly coiled Bollinger band squeeze in play. Upside can target the 215 former high while a stronger breakout likely sees 225 for a potential run ahead of earnings due out on 1/30. Last week DECK saw 340 Feb $205 puts sell to open for $12.60.