Exploring NYSE:DECK's high growth characteristics.

Our stockscreener has identified a possible breakout setup on DECKERS OUTDOOR CORP (NYSE:DECK). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:DECK for potential opportunities.

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

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Taking everything into account, DECK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DECK has proven to be a steady performer, scoring decent points in every aspect analyzed.

• 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 93% of all stocks. We also observe that the gains produced by DECK over the past year are nicely spread over this period.
• DECK is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 87% of 49 stocks in the same industry.
• DECK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DECK is leading the market.
• DECK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Check the latest full technical report of DECK for a complete technical analysis.

Why is NYSE:DECK a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:DECK has a 7 as its setup rating:

DECK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

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

• The EPS of DECKERS OUTDOOR CORP has exhibited growth from one quarter to another (Q2Q), with a 39.88% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 20.09%, DECKERS OUTDOOR CORP showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• The EPS of DECKERS OUTDOOR CORP has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• The recent financial report of DECKERS OUTDOOR CORP demonstrates a 39.88% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• With positive growth in its operating margin over the past year, DECKERS OUTDOOR CORP showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• DECKERS OUTDOOR CORP has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• DECKERS OUTDOOR CORP demonstrates a strong Return on Equity(ROE) of 39.38%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. DECKERS OUTDOOR CORP shows promising potential for continued success.
• With a current Debt-to-Equity ratio at 0.0, DECKERS OUTDOOR CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• 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 achieved an impressive Relative Strength (RS) rating of 93.67, showcasing its ability to outperform the broader market. This strong performance positions DECKERS OUTDOOR CORP as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

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.