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Bearish Moving Average Cross by Skechers U.S.A. (SKX)

By David Diaz

Skechers U.S.A. (NYSE:SKX) crossed under its 10-day moving average of $31.03 on a volume of 757K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Skechers U.S.A. has traded in a range of $24.56 to $54.53 and is now at $30.74, 25% above that low. The 200-day and 50-day moving averages have moved 0.46% lower and 0.11% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Skechers U.S.A. and will alert subscribers who have SKX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses skechers u.s.a.

Ticker(s): SKX