SKX today had unusual Call Volume. Some traders are betting on this going up. The long term action on Monthly and Weekly is showing this stock to be bearish. The move today brought the stock up to Daily resistance. I'm looking to test this resistance with short term JUL 16 29 Puts, holding them for just a few days, to see if this is the top of the move up. ...
SKX is setting up a Flag but, will hit resistance and head south to Staging area. Once at Staging area it could go North or South?
SKX expected to open at 62.86 for a Perfect Gap N Go. Watch out for slightly low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com