Deckers reaches sell target and breaks out higher

Congratulations to all those who followed me on the Deckers Outdoor Corporation from the low $40s where I started to pick up shares. This stock played out just as anticipated and it has now reached our sell target. However, by looking at the chart below we can see that Deckers is attempting to break out to new highs.



If you still have your DECK shares I would hang on to your shares. Put a stop loss below the breakout point of around $49. If it drops below this I would be out of the stock. However, if the breakout were to do a measured move it could jump another 10$ from here. Also note that we are nearing christmas which is seasonally the best period for the stock. This one is a winner and if you still have it, hang on for the ride!