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Skechers Usa-A Crosses Below its 10-day MA (SKX)

By James Quinn

Today, shares of Skechers Usa-A (NYSE:SKX) have crossed bearishly below their 10-day moving average of $34.31 on a volume of 4.0 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.

In the past 52 weeks, Skechers Usa-A share prices have been bracketed by a low of $21.45 and a high of $43.08 and are now at $31.52, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.

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