Pro-cyclicals and consumer discretionary have sat the AI rally out. The rotation back in is starting to show up, and today's standout is one of the most loved-then-hated names in the group. The 50% drawdown carved a fresh base:
Deckers Outdoor Corp $DECK is currently exhibiting a Weekly Squeeze Score of 93.4.
Here’s what the chart looks like:
Deckers is pressing against a key polarity level near 114, as price works to complete a tight multi-month reversal base.
Following a sharp drawdown off the all-time highs, price has spent over a year repairing the damage.
Volatility on the Weekly Strazza Indicator has compressed into a tight range, signaling a momentum reset.
If rotation into consumer stocks continues, a breakout above the all-time high VWAP could ignite an aggressive rally in DECK.
