Is Skechers Trade Over?

skx New York, January 21st (TradersHuddle.com) - Shares of Skechers U.S.A., Inc. (NYSE:SKX) ended the trading session lower by $0.38 or -2.02% from its previous close. Skechers' price action formed what is considered to be a bearish engulfing candlestick chart pattern.

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' current stock range is determined by calculated support defined at $17.02 and by the resistance level at $19.29, which should be used by traders planning their next move.

If traders want to establish a position in Skechers, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Skechers for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 17,045.79 ▲63.20 (0.37%)
    o S&P 500 1,983.95 ▲5.04 (0.25%)
    o NASDAQ 4,469.96 ▲25.05 (0.56%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,045.79 Trade time:10:46AM EDT Value change:▲63.20 (0.37%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,983.95 Trade time:10:46AM EDT Value change:▲5.04 (0.25%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,469.96 Trade time:10:46AM EDT Value change:▲25.05 (0.56%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.