Why NYSE:DECK qualifies as a high growth stock.

Our stock screener has spotted DECKERS OUTDOOR CORP (NYSE:DECK) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:DECK.

What is the technical picture of NYSE:DECK telling us.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 10 out of 10 to DECK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DECK is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that DECK is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, DECK also shows a nice and consistent pattern of rising prices.
• DECK is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 85% of 50 stocks in the same industry.
• DECK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month DECK has a been trading in the 172.36 - 207.29 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of DECK

Looking at the Setup

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:DECK is 7:

Besides having an excellent technical rating, DECK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 201.54, a Stop Loss order could be placed below this zone.

Why NYSE:DECK may be interesting for high growth investors.

• The quarterly earnings of DECKERS OUTDOOR CORP have shown a 39.88% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• DECKERS OUTDOOR CORP has experienced 20.09% q2q revenue growth, indicating a significant sales increase.
• DECKERS OUTDOOR CORP has experienced 29.55% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• The quarterly earnings of DECKERS OUTDOOR CORP have shown a 39.88% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• DECKERS OUTDOOR CORP has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• The free cash flow (FCF) of DECKERS OUTDOOR CORP has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• With a favorable Return on Equity (ROE) of 39.38%, DECKERS OUTDOOR CORP demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• DECKERS OUTDOOR CORP exhibits a favorable Debt-to-Equity ratio at 0.0. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• DECKERS OUTDOOR CORP has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• DECKERS OUTDOOR CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 92.33 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. DECKERS OUTDOOR CORP shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.