Deckers Outdoor Stock Looks Like a Solid Bearish Play
Footwear stock Deckers Outdoor (NYSE:DECK) gapped to a two-year low in early November following its Oct. 24, 15.2% post-earnings drawdown. Despite rallying back to that pre-earnings close, the shares are now running into overhead pressure at their 200-day moving average. What’s more, the equity sits firmly in "overbought" territory, per its 14-day Relative Strength Index (RSI) of 72.3. Shorts have covered nearly half their positions from August to October, but DECK has failed to surge, underscoring its tec ...