The Chart of the Day belongs to Skechers (SKX). I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 4/20 the stock gained 23.07%.
|Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. Thecompany sells its products to department stores such as Nordstrom, Macy's,Dillards, Robinson's-May and JC Penney and specialty retailers such as Genesco's Journeys and Jarman chains, The Venator Group's Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.|
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report
Barchart technical indicators:
The 50-100 Day MACD Oscillator has been an extremely effective technical trading strategy for this stock and should continue to be used for entry and exit points.