Bearish Moving Average Cross by Skechers U.S.A. (SKX)
Skechers U.S.A. (NYSE:SKX) shares have crossed bearishly below their 10-day moving average of $23.13 on a volume of 4.3 million shares. This may provide short-term investors a chance 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 $21.40 to $54.53 and are now at $21.53. The 200-day and 50-day moving averages have moved 0.31% lower and 0.38% lower 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.