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Stock Investors Sell Off Shares of Skechers U.S.A., Down 1.8%

Published on Fri, 03/08/2013 - 13:24
By Adrienne Chilton

Skechers U.S.A. (NYSE:SKX) is a company whose shares are active, trading 1.8% lower to $21.59. The S&P is trading fractionally higher to 1,547 and the Dow is trading 0.2% higher to 14,359.

In the past 52 weeks, Skechers U.S.A. share prices have been bracketed by a low of $11.97 and a high of $22.61 and are now at $21.59, 80% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

Skechers U.S.A. has overhead space with shares priced $21.59, or 11.9% below the average consensus analyst price target of $24.50. Skechers U.S.A. shares have support at the 50-day moving average (MA) of $19.42 and additional support at the 200-day MA of $19.21.

Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged, and lifestyle footwear for men, women, and children. The Company sells its products to department stores and specialty retailers. Skechers also sells its products internationally through distributors and directly to consumers through its own retail stores.

By Adrienne Chilton
achilton@fnno.com