Deckers (DECK) Just Overtook the 50-Day Moving Average

After reaching an important support level, Deckers (DECK) could be a good stock pick from a technical perspective. DECK surpassed resistance at the 50-day moving average, suggesting 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. DECK could be o ...