Skechers - Above Average Volume Detected
Published on Tuesday, 19 June 2012 11:38 Written by TradersHuddle Wire
New York, June 19th (TradersHuddle.com) - Unusual high volume detected on shares of Skechers U.S.A., Inc. (NYSE:SKX) early in the trading session. The pace in volume of Skechers points to a break above average, with buyers stepping in, as the stock is 1.11% higher.
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 has already traded 0.928 times its 3-month average volume and has calculated support and resistance at $15.95 and $20.95 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.
The overall market index S&P 500 is trading higher by 0.91% from its previous trading close, which means that Skechers stock is outperforming the overall market.
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