SKX Trades Above 50 & 200-Day SMAs: Is Now the Right Time to Invest?
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Skechers (SKX) is trading above its 50 and 200-day SMAs, indicating potential bullish momentum. The company's multi-brand strategy and focus on comfort-driven products, along with strong direct-to-consumer and wholesale growth, suggest continued success.
January 13, 2025 | 3:30 pm
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Skechers is trading above its 50 and 200-day SMAs, indicating potential bullish momentum. The company's multi-brand strategy and focus on comfort-driven products, along with strong direct-to-consumer and wholesale growth, suggest continued success.
The fact that Skechers is trading above its 50 and 200-day SMAs suggests a positive trend in its stock price. The company's strategic focus on comfort-driven products and its growth in direct-to-consumer and wholesale channels further support the potential for continued success, making it an attractive investment opportunity.
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