Stock Of The Day: Deckers Outdoor Tests Critical Level — Bounce Or Breakdown?
1. DECK shares fell over 18% despite strong earnings and sales results. 2. 3Q sales reached $1.83 billion, exceeding expectations of $1.73 billion. 3. Earnings per share were $3, higher than the $2.56 forecasted. 4. Concerns arise over a 20% increase in inventory, signaling potential issues. 5. Support may form around $182.25, potentially reversing the current decline.