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.
For more timely FusionIQ timing signals sign up today at https://www.fusioniqrank.com/signup.php