Skechers @ Year Lows

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Skechers @ Year Lows

Published on Monday, 09 January 2012 12:34 Written by Christopher Lynn

skx New York, January 9th (TradersHuddle.com) - Shares of Skechers U.S.A., Inc. (NYSE:SKX) booked a new 52 week low by trading below $11.49, traders are definitely monitoring Skechers' price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Skechers U.S.A., Inc. (NYSE:SKX) designs, develops, markets and distributes branded contemporary casual, active, rugged, and lifestyle footwear for men, women, and children.

Skechers is currently trading -2.91% versus its previous trading session close, and it has calculated support and resistance at $12.11 and $12.88 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading flat by -0% from its previous trading close, which means that Skechers stock is underperforming the overall market.

Skechers Accused of Dastardly Shoe Deception - Benzinga
SKECHERS Announces Global Settlement in Advertising Cases - Benzinga
UPDATE: Wedbush Raises Skechers PT - Benzinga
Skechers May Be Turning a Corner - TheStreet.com
Skechers USA Stock Gaps Up On Today's Open (SKX) - TheStreet.com
Auriga Lowers Q4 and 2012 EPS Estimates for Skechers - Benzinga
Notable Put Options Activity in Skechers U.S.A. - Benzinga
Skechers up 4% on Analyst Upgrade - Benzinga
Sterne Agee Upgrades Skechers to Neutral - Benzinga
Skechers USA Stock Hits New 52-Week Low (SKX) - TheStreet.com

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