6 days ago Zachs said SKX enters Oversold area
Well since then SKX got even more oversold. Bears have fully loaded on this stock and appear to be squeezing every penny they can. Eventually they will cover when SKX issues guidance but until then it looks like the bears are in full control.
Skechers Enters Oversold Territory
Companies: Skechers USA Inc.
Topics: Investing Ideas & Strategies
Abhijit Ghosh, On Friday August 20, 2010, 11:30 am EDT
Skechers USA Inc.’s (NYSE: SKX - News) share price has entered into oversold territory with a stochastic value of 16.46. The Zacks Consensus Estimate on the company’s earnings for 2010 jumped 63 cents over the past month to $3.81 per share. Skechers USA is a Zacks #1 Rank (“Strong Buy) company.