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Shares of Skechers U.S.A. Rank the Highest in Terms of Relative Performance in the Footwear Industry (SKX, DECK, SHOO, WWW, 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.

Skechers U.S.A. (NYSE:SKX) ranks first with a gain of 4.96%; Deckers Outdoor (NASDAQ:DECK) ranks second with a gain of 4.55%; and Steven Madden (NASDAQ:SHOO) ranks third with a gain of 3.10%.

Wolverine World Wide (NYSE:WWW) follows with a gain of 3.01% and NIKE (NYSE:NKE) rounds out the top five with a gain of 2.90%.

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 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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