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Bearish Moving Average Cross by Skechers Usa-A (SKX)

By Shiri Gupta

Today, shares of Skechers Usa-A (NYSE:SKX) have crossed bearishly below their 10-day moving average of $31.02 on a volume of 25.9 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.

In the past 52 weeks, shares of Skechers Usa-A have traded between the current low of $23.80 and a high of $43.08 and are now at $25.89. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

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

Keywords: moving crosses skechers usa-a

Ticker(s): SKX