Deckers Outdoor (DECK) - June 23, 2008

[Harry Aloof]

From Wall Street Trader's Column

DECKERS OUTDOOR CORP (DECK-Nasdaq): Technical Viewpoint: From a low of $132.13 on May 23, 2008 prices rallied, reaching a high of $142.53 on May 29, 2008. A decline saw prices pull back, reaching a low of $121.37 on Jun 12, 2008. Another rally saw prices penetrate resistance, closing 6/20/08 at $139.55. Technicals: Demand Index (DI): A Buy Alert! was given on Jun 20, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $134.00. Resistance: Is at $139.99. Point & Figure: Reversed to the upside on Jun 13, 2008. A P&F upside reversal takes place at $132.00. Summary: Technical indicators have turned bullish. BUY! DECKERS OUTDOOR CORP (DECK-Nasdaq) @ $139.75 Stop: Use a protective stop of $137.13. DECKERS OUTDOOR CORP is currently trading @ $139.55 plus $3.00 on Jun 20, 2008.

Price Objective: $169.50
Risk/Reward: $2.63 VS. $30.00
Today's Risk Reward Ratio: 11:1