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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
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Thursday, July 17, 2008
Deckers Outdoor Corporation to Broadcast Review of Second Quarter Fiscal 2008 Financial Results over the Internet
Comtex
GOLETA, Calif., Jul 17, 2008 (BUSINESS WIRE) ----Deckers Outdoor Corporation (NASDAQ: DECK) announced today that the Company's conference call to review second quarter fiscal 2008 results will be broadcast live over the Internet on Thursday, August 7, 2008 at 4:30 p.m. Eastern Time. The broadcast will be hosted at www.deckers.com and www.earnings.com.
To listen to the webcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, go to the latter site prior to the call, where you can download the software for free.
Deckers Outdoor Corporation strives to be a premier lifestyle marketer that builds niche brands into global market leaders by designing and marketing innovative, functional and fashion-oriented footwear developed for both high performance outdoor activities and everyday casual lifestyle use. Teva(R), Simple(R), UGG Australia(R), Tsubo(R), and Deckers(R) Flip Flops are registered trademarks of Deckers Outdoor Corporation.
SOURCE: Deckers Outdoor Corporation
Deckers Outdoor Corporation Tom Hillebrandt, Chief Financial Officer, 805-967-7611 or Integrated Corporate Relations Chad Jacobs/Brendon Frey, 203-682-8200
Copyright Business Wire 2008
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