Deckers (DECK) Is Up 1.16% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Deckers (DECK) - Deckers currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3][4]. - The stock has shown significant price appreciation, with a 26.78% increase over the past quarter and a 71.79% increase over the last year, compared to the S&P 500's 4.32% and 27.01% respectively [7]. Price Performance - Over the past week, Deckers shares increased by 1.16%, while the Zacks Retail - Apparel and Shoes industry remained flat. The monthly price change for Deckers is 3.32%, outperforming the industry's 1.03% [6]. - The average 20-day trading volume for Deckers is 1,287,021 shares, which is a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, three earnings estimates for Deckers have been revised upwards, raising the consensus estimate from $5.48 to $5.56. For the next fiscal year, three estimates have also moved higher without any downward revisions [10]. Conclusion - Considering the positive momentum indicators and earnings outlook, Deckers is positioned as a strong buy candidate for investors seeking short-term gains [12].