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Recent 52-Week Low Surpassed in Shares of Skechers Usa-A (SKX)

By Nick Russo

Shares of Skechers Usa-A (NYSE:SKX) traded today at $23.80, breaking its 52-week low. So far today approximately 19.6 million shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.

Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged, and lifestyle footwear for men, women, and children. The Company sells its products to department stores and specialty retailers. Skechers also sells its products internationally through distributors and directly to consumers through its own retail stores.

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 $24.51. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.4%.

Skechers Usa-A (NYSE:SKX) has potential upside of 71.8% based on a current price of $24.51 and analysts' consensus price target of $42.10. The stock should run into initial resistance at its 50-day moving average (MA) of $30.04 and subsequent resistance at its 200-day MA of $34.49.

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: 52 week high/lows skechers usa-a

Ticker(s): SKX