Crocs (CROX) Recently Broke Out Above the 50-Day Moving Average

Crocs (CROX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CROX broke through the 50-day moving average, which suggests a short-term bullish trend. The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important. CROX ha ...