tsla

Skechers Stock Could Attempt Another Run at 1-Year Highs

Year-to-date, SKX is already up 21%

Digital Content Manager
Jun 27, 2023 at 3:15 PM
facebook X logo linkedin


Skechers USA Inc (NYSE:SKX) is up 0.9% at $50.73 at last check, while sporting a 21% year-to-date lead. The security recently pulled back from an attempt to conquer its May 15, one-year high of $54.77, but the $50 region is providing support. What's more, Skechers USA stock's last dip brought it closer to a trendline with historically bullish implications. 

According to Schaeffer's Senior Quantitative Analyst Rocky White, SKX is within one standard deviation of its 80-day moving average. Over the past three years, the shares have seen four similar signals, and were positive one month later 100% of those times to average a 5.4% gain. A move of comparable magnitude would put the equity back above $53.

SKX 80 Day 

The security boasts affordable premiums at the moment, making this an excellent opportunity to bet on its next move with options. In fact, its Schaeffer's Volatility Index (SVI) of 29% ranks at the extremely low 4th percentile of readings from the past year.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.