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Skechers U.S.A. Crosses Below its 10-day MA (SKX)

By Nick Russo

Today, shares of Skechers U.S.A. (NYSE:SKX) have fallen below their 10-day MA of $27.30 on a volume of 390K 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 U.S.A. share prices have been bracketed by a low of $18.81 and a high of $54.53 and are now at $26.85, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

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