akillam1
Long

SKX - Long Call Entry

NYSE:SKX   SKECHERS USA INC
SKX has done really well since the huge gap down on last ER. I have scalped puts on SKX for 50% and 75% profit respectively. But I think I think it is time for some calls. Once 30 breaks, the MACD should cross bullish above 0. That's one of the strongest long buy signals. The downtrend will offically be broken. Also, 30 has acted as resistance in this previous run up. I don't like SKX fundamentally, so I only plan to hold for a few days until chart shows reversal. Hopeful for a run back to 32 as this fills the gap.
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