UA putting on the squeeze

While Crocs (CROX) moves forward and distances itself step by step from Q2 blowout earnings and raised guidance, the stock continues to consolidate in the mid to high 50s. With the Nasdaq up 42 points (1.6%) today, CROX has pulled back. The stock is down 1.2% to $56.69.

Meanwhile, Under Armor (UA) continues to gain steadily. UA's report annihilated estimates last week and short interest was 50%. Insane. At $67.30, UA is up nearly 5% so far today.

Cramer was right. He called UA a better move in the short term. Depending on how you look at it, though, CROX is still selling at a discount.

Pupule Paul is long CROX and UA.