Skechers Stock Traces Improved Price Strength

On Monday, Skechers (SKX) got an upgrade to its Relative Strength (RS) Rating, from 65 to 71. See if Skechers stock can continue to show renewed price strength and clear the key threshold score of 80.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating as they launch their largest runs.

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While Skechers stock is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.

Rising Earnings Boost Skechers Stock

In terms of top and bottom line numbers, Skechers has posted rising EPS growth in each of the last four reports. Revenue growth has also moved higher during the same period.

Skechers stock holds the No. 6 rank among its peers in the Apparel-Shoes & Related industry group. Deckers Outdoor (DECK) and Rocky Brands (RCKY) are also among the group’s highest-rated stocks.


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