Ugh, I Mean UGG, as In Deckers Outdoor That Is

• Posted by Greg Harmon
• on December 18th, 2013

I am on bus stop duty often and in Cleveland that means walking through the snow. because it snows in Cleveland. It snows a lot of the time, and often it snows a lot. In Cleveland there is no such thing as a snow day. We would have to take off from November 15th through April 1st. So we learn to deal with it with our warm hats and down coats and boots. I may

be the only guy in the planet (other than Tom Brady) that has a pair of UGG boots, and I love them. And it is ok for you to love them too. And even if you don’t want to love the boots it is a great time to look at the stock. Deckers Outdoor, $DECK, moved higher through most of November before starting a pullback. That pullback is looking a lot like a bull flag and is finding support at the 20 day Simple Moving Average (SMA). A move over the top of the flag carries a Measured Move higher to 112, more than enough to let you buy a pair of UGG boots too!

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