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Skechers U.S.A. Bearish Moving Average Crossover Alert (SKX)

By Shiri Gupta

Today, shares of Skechers U.S.A. (NYSE:SKX) have fallen below their 10-day MA of $31.40 on a volume of 15.2 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 $24.16 to $54.53 and are now at $24.51. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

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