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

By Amy Schwartz

Today, shares of Skechers Usa-A (NYSE:SKX) have crossed bullishly above their 10-day moving average of $36.35 on a volume of 238K 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 $40.50 and are now at $37.07, which is 73% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has declined 0.6%.

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