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

By Shiri Gupta

Skechers Usa-A (NYSE:SKX) shares have crossed bearishly below their 10-day moving average of $27.55 on a volume of 2.6 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 a low of $23.80 and a high of $43.08 and are now at $26.16, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Skechers Usa-A on April 20th, 2018 by issuing a Downtrend alert when the shares were trading at $30.96. Since that call, shares of Skechers Usa-A have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses skechers usa-a

Ticker(s): SKX