Short on $SKX $KMX $GIS Long on $ADBE - On the radar $ARIA to buy
I think this is going to follow the same pattern as JACK and KORS. Sketchers is not going anywhere anytime soon. It wont take major positive news to really get this thing moving. What do you guys think? I dont plan on investing money but look forward to seeing how this plays out in the next few months to beginning next year.
We're in the morning trading room, talking about college football and the stock market. We're just better than everyone else. Interesting looking set up right here. SKX likes to channel. Buy low, sell high
Maybe an bullish trend near... if the price has a pullback and break 30.00 This is a forecast, WAIT for confirmation.
listened to conf call this morning,, great company, very positive i think sell off overdone look for bounce
SKX is in a channel. Play the channel based on IF earnings gaps largely. A gap down would likely be buyable. A gap up, especially if it's above the resistance, likely bullish. A gap TO the resistance, bearish. Anyway, just one to watch. Maybe you can also sketch out a plan and see if yours works.
The gap on the daily looks fillable and stock actually does look bullish on daily imo but on weekly just looks like a large bear flag so my best guess is to the downside.
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. ...