SHOO Stock Trades Above 200 & 50-Day SMA: What's Next for Investors?

Steven Madden, Ltd. (SHOO) has demonstrated strong upward momentum, trading above its 200-day and 50- day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. SHOO closed Friday's trading session at $49.35, ahead of its 200-day and 50-day SMA of $42.57 and $44.96, respectively. This technical strength, along with sustained momentum, reflects positive market sentiment and investor confidence in SHOO's financial health and growth prospects. Image Source: Zacks ...