NYSE:SKX is expected to complete a cup and handle pattern. Cup and handle target is 48.3$, breakout point is around 37.6$ and stop around 29.0$. Major resistance sell zone at around 42$ to 44.5$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Hey guys, SKECHERS USA is in a fake downtrend with a bear wick and a strong past sell volume. We observe the TIMEFRAME 1 Min a bull line so all the conditions are met to see the feedback from buyers. It is plausible to go for the next high watch the TIMEFRAME 4H. Then the Daily after is the buyers goal which is on the last previous high in 4H.
Please LIKE &...
Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter.
Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally.
Sales in China rose 11.5% during the...
SKX calls @28 OCT 16 2020
Thesis as follows,
Holding previous daily level resistance as support
RSI 4h,1H Buy signal
Bollinger bands bottom
Wedge and trendline bottom
Holding 0.382 Fib
More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market.
If this was a trade I would,
Exit : $30.2
Stop loss: $25.7
Possible entry $43.59
Target price $47.08
Stop loss $41.75
Fibonacci and horizontal price resistance levels as per chart
Skechers (NYSE:SKX) jumps after comparable sales in Q4 rise 9.9% to easily beat the consensus estimate of +6.3% and outpace peers.
The retailer's international wholesale business increased 32.8% during the quarter, the...
Entry level $38.50 = Target price $42.50 = Stoop loss $37
Historically the stocks has been a nightmare to own, its has had a history of massive swings on earnings which serious investors avoid.
The most recent report has changed that trend, which may entice new investors.
P/E ratio 17.89
Average analysts price target $44 | Overweight.
It fair to say that NYSE:SKX make great product and trades at a reasonable P/E but it has horrific volatility on earnings, it is a high risk/reward event. Although the consumer is strong it is still a very difficult trading environment with a tight squeeze on margins, especially given the buying power of the big box stores, whom have such scale to allow for...
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...