Leading the cyclicals higher is the footwear sector and everyone’s favorite Crocs (CROX). Up 1.31% at $78.00 in intraday trading, Crocs continuted the move upward after announcing 3 new shoes at the National Restaurant Association Show on the 17th.
After a rough early morning start as investors likely took profits off the table, the stock is once again in the green and moving fast.
I wouldn’t be surprised to see Crocs hit $80 this week.
