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

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.