Crocs In Trouble?

The stock price of Crocs fell below the support price today, possibly signaling a problem for the brand if investors continue to lose confidence.

Shares of Crocs, Inc. (NASDAQ:CROX) closed the trading session at $12.325 below calculated support at $12.51 breaking the stock technically, raising concerns by investors, as the move might trigger more selling.

Crocs, Inc. produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures a wide assortment of styles for men, women, boys and girls and markets them to retail chains.

Source: Crocs Dipping Below Support