Deckers Trades Above 200 & 50-Day SMA: How to Play the DECK Stock?

Deckers Outdoor Corporation (DECK) reached a significant support level and could be a good pick for investors from a technical perspective. DECK broke through the 200-day and 50-day simple moving averages (SMA), which suggests a long-term bullish trend. SMA is employed to ascertain whether the price of a security is trending upward or downward. Image Source: Zacks Investment Research Closing at $154.50 yesterday, the stock exceeded both its 200-day and 50-day SMA of$145.89 and $151.92, respectively, highli ...