SKECHERS Daily/hrly demand zone 28.5-27.5
Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter. Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally. Sales in China rose 11.5% during the...
SKX calls @28 OCT 16 2020 Thesis as follows, Holding previous daily level resistance as support RSI 4h,1H Buy signal Bollinger bands bottom Wedge and trendline bottom Holding 0.382 Fib Fundamentals ✅ More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market. If this was a trade I would, Exit : $30.2 Stop loss: $25.7
Possible entry $43.59 Target price $47.08 Stop loss $41.75 Fibonacci and horizontal price resistance levels as per chart Earnings highlights Skechers (NYSE:SKX) jumps after comparable sales in Q4 rise 9.9% to easily beat the consensus estimate of +6.3% and outpace peers. The retailer's international wholesale business increased 32.8% during the quarter, the...
Entry level $38.50 = Target price $42.50 = Stoop loss $37 Historically the stocks has been a nightmare to own, its has had a history of massive swings on earnings which serious investors avoid. The most recent report has changed that trend, which may entice new investors. P/E ratio 17.89 Average analysts price target $44 | Overweight. Wedbush analyst...
In the short run there is a downtrend already now. Thus it is worth to short it again.
It fair to say that NYSE:SKX make great product and trades at a reasonable P/E but it has horrific volatility on earnings, it is a high risk/reward event. Although the consumer is strong it is still a very difficult trading environment with a tight squeeze on margins, especially given the buying power of the big box stores, whom have such scale to allow for...
Entered at trend line and exited with small profit almost at breaeven
Low volume, but rising higher. I'll look for an entry past 33.46 if on more than average volume.
Trading above ascending triangle. Earnings Report gapped the stock to trading above the yellow horizontal bar. I see trading price range between 34-36 before rest.
USD index registered fresh yearly highs at 97.20 on Tuesday but failed to sustain the bullish momentum and corrected lower quite aggressively. A mils selling pressure remains today though the bulls are still in the game for now. After the initial spike, European currencies pared intraday gains and switched to a consolidation mode. Traders decided to take...
Look out for confirmation, we have seen recently with the Sketchers SKX stock that the gaps tend to get 50% filled, so this could mean a possibility to short this stock in the next few days. RSI is very oversold today. Let me know what you think in the comments, like the idea if you agree, and follow me for more tips like this.
SKX has done really well since the huge gap down on last ER. I have scalped puts on SKX for 50% and 75% profit respectively. But I think I think it is time for some calls. Once 30 breaks, the MACD should cross bullish above 0. That's one of the strongest long buy signals. The downtrend will offically be broken. Also, 30 has acted as resistance in this previous run...
SKX had a large fall after their last earnings. It has been climbing ever since with the only dips being during periods of consolidation. After a great trading day on 8/17/18, this will be looking to break above the 30.00 range. The downtrend resistance is right around this level at about 30.25 while there is some horizontal resistance sitting right around 30.00....