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

By Nick Russo

Today, shares of Skechers Usa-A (NYSE:SKX) have advanced above their 10-day MA of $28.38 on a volume of 612K 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.

Over the past year, Skechers Usa-A has traded in a range of $21.45 to $35.66 and is now at $28.84, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

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: moving crosses skechers usa-a

Ticker(s): SKX