Lot of folks bashing on DECK – so thought I’d take a closer look.

For this chart I’m using Andrews pitchfork. I like this particular tool quite a bit because it marks out fairly defined channels the stock is likely to move within. Those channel lines also mark absolute targets & stops – at least for me.

For the Pivot I used 87.88 which was the 2010 high achieved last December. I used the 2011 low of 71.18 and high of 118,90 as my other two data points.

The result was a couple of well defined channels – the exception being a spike in July – which led to a hard sell off in mid August. Interesting that sell off bottomed on the lower fork.

The Andrew fork tells me we’re getting close to a tradable bottom around $74.

The other signal I’m looking at here is RSI. Notice in early June it dipped below 30. DECK price was bottoming at $76.82 – it then went on to rally up to $105.83.

Now look at where the RSI is today.

Note if you buy DECK based solely on this post – pretty girls like the blond pictured will say “UGG” every time they see you.

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