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Outperforming Retail Stock Has Room To Run
DECKDeckers(DECK) Forbes·2024-12-26 16:54

Core Insights - Deckers Outdoor Corp (DECK) has shown strong stock performance with an 87.4% lead for 2024 and is on track for its fourth gain in the last five sessions [4] - The stock recently reached an all-time high of 214.70,supportedbythe20−daymovingaverage,indicatingpotentialforfurtherrecordpeaks[4]−Thestock′sSchaeffer′sVolatilityScorecard(SVS)isat95outof100,suggestingithasconsistentlyoutperformedvolatilityexpectationsoverthepastyear[1]VolatilityandPriceMovement−Thestock′srecenthighcoincideswithhistoricallylowimpliedvolatility(IV),whichhashistoricallygeneratedpositivemomentum[2]−Dataindicatesthatonemonthaftersimilarsignals,thestockwashigher80214.70, supported by the 20-day moving average, indicating potential for further record peaks [4] - The stock's Schaeffer's Volatility Scorecard (SVS) is at 95 out of 100, suggesting it has consistently outperformed volatility expectations over the past year [1] Volatility and Price Movement - The stock's recent high coincides with historically low implied volatility (IV), which has historically generated positive momentum [2] - Data indicates that one month after similar signals, the stock was higher 80% of the time, averaging a 5.7% gain [3] - Currently priced at 208.70, a similar upward movement could push DECK to a new record high of 220.59[3]AnalystSentiment−Amonganalystscoveringthestock,ninehaverateditasa"hold,"whilethe12−monthconsensustargetpriceis220.59 [3] Analyst Sentiment - Among analysts covering the stock, nine have rated it as a "hold," while the 12-month consensus target price is 202.15, representing a 3% discount to current levels [3]