CROX Warns - shares plummet

Fad shoemaker Crocs Inc. (CROX) continues to disappoint as the company plunged in premarket trading early Tuesday after the casual footwear company lowered its first-quarter profit forecast.  This warning prompted a downgrade and lowered outlooks from several analysts. Shares of Crocs fell $4.83, or 27.2 percent, to $12.96 in premarket trading.  Crocs slashed its first-quarter outlook, blaming slower sales and expenses related to the closure of its Canadian manufacturing plant.  

As seen in the chart below FusionIQ had numerous short-term timing sell signals including one just several weeks back when shares were trading in the mid $ 20’s.

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Comments
Joeblow said:

Great chart - CROX has been really terrible of late

Posted at April 15, 2008 11:04 AM
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