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

By David Diaz

Today, shares of Skechers U.S.A. (NYSE:SKX) have crossed bullishly above their 10-day moving average of $29.97 on a volume of 411K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Skechers U.S.A. have traded between a low of $24.56 and a high of $54.53 and are now at $30.22, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

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