Retail Stock Signal Has Never Been Wrong

Retailer Skechers USA (SKX) has taken an 8.2% haircut this quarter, which has resulted in the stock breaching its year-to-date breakeven level. Now trading at $61.59, the shares are a ways off their June 12 record highs of $75.09. The upside is this has SKX encountering a historically bullish trendline. According to Schaeffer's Senior Quantitative Analyst Rocky White, SKX is within one standard deviation of its 320-day moving average. Over the past three years, the shares have seen four similar signals, and ...