RCKY rallied above the pivot point after highlighted in yellow with pivot point cited based on its 4/05/21 high following a 4-week square box base in the 5/05/21 mid-day report (read here). It was shown in the FSU that evening with an annotated graph under the headline, "Rocky Brands Powered Higher After Strong Earnings".
Fundamentals remain strong. The Apparel - Shoes & Rel Mfg firm has the highest possible Earnings Per Share Rating of 99. It reported Mar '21 quarterly earnings +341% on +57% sales revenues versus the year ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) history has been strong since a downturn in FY '16.
The number of top-rated funds owning its shares reportedly only rose from 209 in Sep '20 to 215 in Mar '21, however its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over then past 50 days. It has only 7.3 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling.
