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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy capital management
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  • Skechers - Barchart's Chart Of The Day 0 comments
    Aug 7, 2014 3:54 PM | about stocks: SKX

    The Chart of the Day belongs to Skechers (NYSE:SKX). I found the stock by sorting today's New High List of new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 7/18 the stock gained 14.36%.

    SKX designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. The Company sells its products to department stores such as Nordstrom, Macy's, Dillards, Robinson's-May and JC Penney and specialty retailers such as Genesco's Journeys and Jarman chains.and the Venator Group's Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.

    (click to enlarge)

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read.

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signals
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 18.23% in the last month
    • Relative Strength Index 71.15%
    • Barchart computes a technical support level at 52.27
    • Recently traded at 54.23 with a 50 day moving average of 47.50

    Fundamental factors:


    • Market Cap $2.74 billion
    • P/E 25.62
    • Revenue expected to grow 23.60% this year and another 8.30% next year
    • Earnings estimated to increase 118.10% this year, an additional 21.70% next year and continue to increase at an annual rate of 15.00% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 3 buy, 2 hold and 1 sell recommendation on the stock

    As all retail is iffy watch the 50 and 100 day moving averages for sell signals

    Stocks: SKX
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