Skechers - New All Time Highs

Skechers (SKX) is the Barchart Chart of the Day.  The footwear company has a Trend Spotter buy signal, a Weighted Alpha of 132.86 and gained 126.67% in the last year.

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: 100% Barchart technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 8 new highs and up 26.63% in the last month Relative Strength Index 86.61% Barchart computes a technical support level at 89.03 Recently traded at 90.78 with a 50 day moving average of 71.43 Fundamental factors: Market Cap $ 4.61 billion P/E 26.48 Revenue expected to grow 26.80% this year and another 13.10% next year Earnings estimated to increase by 51.80% this year, an additional 24.70% next year and continue to compound at an annual rate of 2000% for the next 5 years Wall Street analysts issued 3 strong buy, 4 buy and 2 hold recommendations on the stock 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.