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Best Relative Performance in the Footwear Industry Detected in Shares of Steven Madden (SHOO, SKX, WWW, DECK, NKE)

By James Quinn

We looked at the Footwear industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Steven Madden (NASDAQ:SHOO) ranks first with a gain of 1.81%; Skechers U.S.A. (NYSE:SKX) ranks second with a gain of 1.76%; and Wolverine World Wide (NYSE:WWW) ranks third with a gain of 1.50%.

Deckers Outdoor (NASDAQ:DECK) follows with a gain of 1.09% and NIKE (NYSE:NKE) rounds out the top five with a gain of 1.09%.

SmarTrend recommended that its subscribers protect gains by selling shares of NIKE on December 24th, 2015 by issuing a Downtrend alert when the shares were trading at $63.44. Since that call, shares of NIKE have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance steven madden skechers u.s.a. wolverine world wide deckers outdoor Nike