Dummy Trade of the Day - Crocs, Inc. (Public, NASDAQ:CROX)

The first two charts for CROX are from Friday. Price gapped down with the market on weak jobs data. Price tried to recover, but selling pressure resumed after one inside bar on the 15 min. The 5 minute chart shows how price could not close above the down sloping 5 period ema.

I covered just above the 62% Fib. extension of the previous day high to the ORL, when price took out the previous bar (hammer-like) high.

The last chart is yesterday's trade. CROX continued to sell off on the open with a decisive move lower. It attempted a technical bounce along with the market, but could not close above the down sloping 20 period ema (62% Fib. retracement of the ORH to the morning swing low). It carved out a star with a long upper shadow signaling a reversal. My preliminary target was the morning swing low, but since it took so long to get there, I covered 100%.