SKX Trades Above 50 & 200-Day SMAs: Is Now the Right Time to Invest?

Skechers U.S.A., Inc. (SKX) has demonstrated strong upward momentum, trading above its 50 and 200-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $70.09, above its 50 and 200-day SMAs of $65.62 and $65.60, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, indicates positive market sentiment and investor confidence in Skechers’ financial stability ...