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Skechers Usa-A Bullish Moving Average Crossover Alert (SKX)

By Nick Russo

Skechers Usa-A (NYSE:SKX) crossed over its 10-day moving average of $28.29 on a volume of 216K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Skechers Usa-A have traded between a low of $21.45 and a high of $35.66 and are now at $28.62, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Skechers Usa-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Skechers Usa-A in search of a potential trend change.

Keywords: moving crosses skechers usa-a

Ticker(s): SKX