Coach, Nike, Crocs, and Deckers Outdoor Under StockCall's Microscope

Mar 21, 2013, 10:36 ET from

LONDON, March 21, 2013 /PRNewswire/ --

Apparel, footwear and accessories companies such as Coach Inc. (NYSE: COH), Nike Inc. (NYSE: NKE), Crocs Inc. (NASDAQ: CROX), and Deckers Outdoor Corp. (NASDAQ: DECK) have seen weakness in Europe, where consumer spending has been negatively impacted by the ongoing debt crisis and austerity measures. However, a strong recovery in the U.S. and growth in China should more than offset weakness in Europe. In addition, Japanese policymakers have implemented aggressive monetary easing measures, which should boost economic growth in the world's third-largest economy. On Wednesday, apparel, footwear and accessories stocks tracked gains in the broad market. StockCall has released full comprehensive research on COH, NKE, CROX, and DECK and these free technical analyses can be downloaded by signing up at

Shares of Coach Inc. rose sharply in Wednesday's trading session, closing 1.69% higher at $49.29 after touching an intra-day high of $49.42. Despite the gains, the stock has fallen more than 2.20% so far this week. The company's shares have also fallen sharply for the year. Year-to-date, the stock is down more than 10.60%, compared to a gain of nearly 9.30% for the S&P 500. The company's shares have traded in a tight range over the past few trading sessions. The stock has been struggling to break through $50 resistance level. The stock's MACD chart is currently giving bearish signals. Free technical analysis on COH available by signing up at

Shares of Nike Inc. also rallied in trading yesterday. The stock touched an intra-day high of $54.88 before finishing the day 1.86% higher at $54.83 on Wednesday. Nike's shares have been trading sideways over the past two months. The stock has been struggling to break through $55 resistance level. The stock's MACD chart indicates that market sentiment has turned bullish on the stock. Year-to-date, the company's shares have gained 6.67%, underperforming the S&P 500. In the last one month, the stock has gained more than 1%. Register today and access the free research on NKE at

Crocs Inc. shares edged higher on Wednesday. The stock closed 0.65% higher at $15.46 after touching an intra-day high of $15.53. Despite the gains, Crocs' shares have fallen more than 3.70% so far this week. Despite the losses this week, the company's shares are still up nearly 7.50% for the year. Shares of CROX are still trading above their 50-day and 200-day moving averages, which is a bullish signal. However, the stock's MACD has just crossed below the signal line, which indicates that market sentiment may have turned bearish on the stock. The free report on CROX can be downloaded by signing up now at

Shares of Deckers Outdoor Corp. surged on Wednesday. The stock ended the day 3.18% higher at $50.32 after touching an intra-day high of $51.17. Its shares have broken through $50 resistance level as a result of the rally on Wednesday. This is a bullish signal. The stock's 50-day moving average recently crossed above the 200-day moving average, forming a "golden cross." The stock's MACD is currently trading above the signal line and the zero-line. Year-to-date, Deckers Outdoor Corp. shares have gained nearly 25%, outperforming the broad market. Free report on DECK can be accessed by registering at

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