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Skechers U.S.A., Inc. (SKX) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Shoe Manufacturing
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneBullish EngulfingThu, 09 Nov 20177.83%
***Stock database and scans are updated around midnight (New York time) every trading day.
33.62 0.00 (0%) Nov 17 4:00pm EST
Open: 33.15 Range: 32.97 - 33.76 Vol: 2.39M Avg Vol: 2.91M
EPS: 1.44 P/E ratio: 22.14 EBITDA: 430.72M Mkt Cap: 5.06B
Analyze "SKX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 32.72
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 32.37
Last Trade is above the 50 day moving average at 28.21
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 27.04
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SKX

Stock Trend Analysis - Buy, Sell or Hold "Skechers U.S.A., Inc." (SKX)?

SKX is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 58% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation SKX will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 27.04. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SKX".

The analyst consensus estimates for the 1 year price target for this stock is $35.30* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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