Bearish MACD for Skechers

Skechers USA, Inc.’s (SKX) MACD indicator has entered into bearish territory with a reading of -0.3190. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 7% to $19.75 in morning trade. The Zacks Consensus Estimate for the year ending 2010 has decreased by 2 cents over the past month to $2.90 per share.

SKECHERS USA-A (SKX): Free Stock Analysis Report

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