DECK Explodes Higher Eyes 124 Zone
$Deckers Outdoor(DECK)$
Deckers Outdoor Corporation(DECK) Soared +19.46%: HOKA & UGG Giant Clears Resistance, Eyes $124 Target
Latest Close Data:
Closed at $119.34 (ET), a massive +19.46% surge, now ~40% below its 52-week high of $198.65.
Core Market Drivers:
Strong momentum driven by HOKA's continued global brand expansion and robust consumer demand for UGG's diversified product lines. Positive retail sentiment and effective inventory management are fueling investor confidence.
Technical Analysis:
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Explosive volume (2.85x ratio) confirms the breakout.
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RSI(6) at 82.29 indicates overbought conditions, signaling strong short-term momentum.
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MACD (1.27) has just turned positive, suggesting a bullish crossover and trend reversal.
Key Price Levels:
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Primary Support: $101.21 (Previous resistance turned support).
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Strong Resistance: $119.41 (Immediate test level; today's high was $119.65).
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Immediate Pivot: $115.60 (Pre-market level, now acting as support).
Valuation Perspective:
Forward P/E of 17.97 is below its historical average of 25.03 and the -1 Std.Dev of 18.07, suggesting the stock may still be reasonably valued relative to its own history despite the rally.
Analyst Targets:
21 analysts have an average price target of $124.15 (Range: $90 - $184). Sentiment is bullish with 12 "Buy/Strong Buy" ratings vs. 3 "Sell/Underperform".
Weekly Outlook:
Expect consolidation near the $119 resistance after such a sharp move. A sustained close above $120 could target the $124-$130 zone. A pullback should find initial support near $115.6.
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