CROX LONG ENTRY
Crox reported that it was acquiring footwear company, HeyDude, valued ~ 2.5 billion in cash and shares. Crox also received an price target upgrade from $220 USD to $300 USD and maintains a buy rating.
I highlighted the support i'm using from earlier in the year because I would enter Crox long. There was a gap down not too long ago, and the bottom of the last fall stopped at what was once a resistance zone. If this $120 price can hold, then my idea should play out well.
High Volatility ~ 60% IV Percentile -- Many options contracts traded today, lots of them appear to be single contracts on the call side (less a spread implies a very bullish trade) over 4,000 on the $125 strike for January.
$226 is my price target. It lined up with my fib line and the analyst rating (Williams Trading) bumped it from $220 to $300, but let's not overdo it. I don't even know who Williams Trading is but it showed up in my news. Good luck to you all!
Acquisition is said to be happening Q1 2022, if the acquisition falls through or the market sentiment turns negative then my outlook may also change.
I highlighted the support i'm using from earlier in the year because I would enter Crox long. There was a gap down not too long ago, and the bottom of the last fall stopped at what was once a resistance zone. If this $120 price can hold, then my idea should play out well.
High Volatility ~ 60% IV Percentile -- Many options contracts traded today, lots of them appear to be single contracts on the call side (less a spread implies a very bullish trade) over 4,000 on the $125 strike for January.
$226 is my price target. It lined up with my fib line and the analyst rating (Williams Trading) bumped it from $220 to $300, but let's not overdo it. I don't even know who Williams Trading is but it showed up in my news. Good luck to you all!
Acquisition is said to be happening Q1 2022, if the acquisition falls through or the market sentiment turns negative then my outlook may also change.
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