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2 Stocks With Strong Fundamentals Gaining Technical Momentum
DECKDeckers(DECK) MarketBeat·2025-03-27 12:03

Core Insights - The article discusses the use of technical indicators, specifically the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), to evaluate stocks with strong fundamentals [2][3] Group 1: The Trade Desk - The Trade Desk's stock price forecast is 116.41,indicatingapotentialupsideof97.98116.41, indicating a potential upside of 97.98% from the current price of 58.80, based on 29 analyst ratings [4] - The Trade Desk's RSI recently rose above 30, currently sitting at around 37, signaling a bullish trend after a significant decline [5] - The MACD histogram for The Trade Desk has also started rising above zero, indicating positive trading momentum [3][5] - The stock is down 56% from its 52-week high, which was reached in early December [5] - The Trade Desk has experienced substantial revenue growth, exceeding 20% annually since 2015, particularly benefiting from the growth in connected TV advertising [7][8] Group 2: Deckers Outdoor - Deckers Outdoor's stock price forecast is 197.41,suggestinga67.09197.41, suggesting a 67.09% upside from the current price of 118.14, based on 19 analyst ratings [9] - The stock's RSI has recently risen above 30, indicating a potential recovery after a significant drop [10] - The MACD histogram for Deckers Outdoor has been rising above zero, suggesting positive momentum [10] - Deckers Outdoor's earnings grew by 47% in 2024, driven by the success of its HOKA brand and a return to growth for its UGG brand [9] - Despite a 45% decline from its 52-week high, analysts maintain a bullish outlook, with an average price target of $230, implying nearly 86% upside [11][12]