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News Breaks | | | | November 19, 2012 | | 10:52 EDT |  | DECK | Deckers Outdoor breaks out above its 10-day moving average, levels to watch
The shares have broken out above the 10-day moving average, which may be a delayed reaction to a note from Jefferies on Friday that the company could be an M&A target. As we are seeing with many beaten down stocks, bounces in such names are outsized relative to other stocks, which could indicate short-covering. Resistance is at $33.98, a recent pivot high. Support is at $32.35. | |
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