Sales on Skechers shoes :)Seems that people have already bought their skechers and they won't buy for a few months :) This can be seem by the explosions on the ATLAS indicator and also on a broken koncorde lines. Expect discounts now :) Target on the pink box. Use this for entertainment onlyShortby rtm2k0
long SKX (sketchers USA)continuation pattern breakout with deep stop very bullish staging on weekly, monthly, quaterly, yearly high probability of follow through (80%) entry $69 stop $59 max risk $100 sell a quarter (rounded) at each fib node +$24 (sell 2 shares at 1.32 fib and set stop to break even) +$48 (sell 3 shares at 1.61 fib) +$96 (sell 3 shares at 2.61 fib) trail final 2 shares Longby porterstone1
Skechers Steps Up: Breaking Records and Setting the PaceSkechers ( NYSE:SKX ), the renowned Comfort Technology Company™, is striding confidently into the future with yet another remarkable performance in the first quarter of 2024. The global footwear leader announced its financial results, showcasing impressive growth and reaffirming its position as an industry powerhouse. Record-Breaking Sales and Exceptional Earnings In a testament to its unwavering strength and consumer appeal, Skechers ( NYSE:SKX ) achieved record sales of $2.25 billion, marking a substantial 12.5% increase. Both wholesale and direct-to-consumer segments experienced robust growth, with wholesale sales climbing by 9.8% and direct-to-consumer sales soaring by 17.3%. Moreover, diluted earnings per share surged by an impressive 30.4%, reaching $1.33. Global Expansion and Market Penetration Skechers' success story extends far beyond its financial achievements. With a keen focus on global expansion, the company's international sales represented a significant portion, comprising 65% of total sales. Notably, growth was witnessed across all regions, with Europe, the Middle East, and Africa experiencing a 17% surge, Asia Pacific recording a 16% increase, and the Americas growing by 8%. Innovation and Partnerships Behind these stellar results lies a dedication to innovation and strategic partnerships. Skechers ( NYSE:SKX ) continues to captivate consumers of all ages and interests with its exceptional product offerings. From memorable Super Bowl commercials featuring icons like Mr. T and Tony Romo to collaborations with NBA players and sponsorship deals with cricket teams in India, Skechers is leaving no stone unturned in its quest for global prominence. Looking Ahead with Confidence As Skechers ( NYSE:SKX ) celebrates its 100th earnings call as a public company, its leadership remains optimistic about the future. With a robust inventory position, innovative technologies, and an unwavering commitment to consumer satisfaction, the company is poised for continued success. Skechers' relentless pursuit of excellence and its ability to adapt to evolving consumer preferences make it a formidable force in the competitive footwear industry.Longby DEXWireNews2
4/25/24 - $skx - sb positive but dip buy only - vrockstar4/25/24 - vrockstar - 2x sales, scaling on the opex line and 5 days to cover keeps me from wanting to short this esp after last quarter's result. but the setup looks more +ve than -ve here. the second order problem is a miss sense this into the abyss that's hard to dip buy and you're best to take losses - i don't like that sort of setup. so plan here is to chase a high quality print higher. will take funds a few days to reload and we can front run that post market. not convincing to play the volatile print. if i did consider a long - i'd cover ITM c's.Longby VROCKSTAR0
Possible long ideeaSKX had positive earnings. Is in a up trend. Tested the 53 lvl and rejected with strength and volume. Potential to 55.50 with 60% take profits at 54.67.Longby calugaralex21
Possible ATH PlayShowing signs of reaccumulation Might break ATH and produce a 150-200% run up from ATH Longby Bearyotrades0
SKX - Cup & HandleSKX has trended above it's 200 day moving average since 11 Nov 2022 and began to consolidate in a mini cup pattern ("handle" if we look at the monthly timeframe) for the last 3 months. It has just broken above this mini cup neckline @ 49 strongly after earnings beat and is now heading towards a more significant neckline (54 - 56 zone). If it is able to break and stay above this major neckline, then there is room to go higher as it begin a new up trend. Ideally we would like to see a minor pullback shortly after the breakup to retest and affirm that the neckline has become the new support. However this may or may not happen and we should manage the trade with trailing stops (usually placed at near term pivot lows, gap fill or some fib levels). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie postion sizing, stop loss etc) is important! Take care and Good Luck!Longby Juliac0
Sketchers! Above The 200 Day#SKX Looking good after a small break to the upside. Momentum looks to be coming in at the right time for a quick bump to the upside. What does the community think. 🤔Longby DavidSicairos1
Check out the Pullback in Skechers Footwear company Skechers USA has emerged as an interesting growth stock over the last decade. Now it may be completing the final pullback in a six-year consolidation period. First consider the longer-term weekly chart. Notice the 600+ percent rally between July 2013 and July 2015. SKX has essentially digested that move since. However now it’s pulled back to hold an important long-term level around $44.50 from late 2019 and early 2020. Traders could be watching to see if old resistance becomes new support: Third, on the main daily chart, notice how the 200-day simple moving average (SMA) has risen to that same potential support zone at the old high. Next, stochastics have dipped to a deeply oversold condition. Finally you have bullish gaps on April 23 and July 23, which followed strong earnings reports. Now with the holidays approaching, sentiment may swing back in favor of SKX. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation10
SKX Bullish BreakoutVery nice trendline breakout from SKX after a double bottom on support from the gap and the 50 EMA.Longby TechnicallyCorrectUpdated 3
$SKX pt $50,46Break out the downtrend line and the soaring just started! wonderful chartLongby Hephaestus_Trading_Desk1
$SKX pt $50,46 Break out the downtrend line and the soaring just started! wonderful chart Longby Hephaestus_Trading_Desk1
Skechers anticipated price movementNYSE:SKX is expected to complete a cup and handle pattern. Cup and handle target is 48.3$, breakout point is around 37.6$ and stop around 29.0$. Major resistance sell zone at around 42$ to 44.5$. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!Longby ChartoholicUpdated 3
SKX - Failed Trade(1) - Trade JournalThis will be the beginning series of my failed trades that will act as my trading journal. Will be posting these to learn from my mistakes. Failed trade #1 SKX: Mistakes made: 1. Failed to recognize resistance zone and take profits at that zone. - Make sure to expand your chart so you can see the stock from the BEGINNING. Set chart to monthly/weekly time frame if needed. I missed a resistance back that was present back in 2016.I was stuck on the short term time frame on the 30m chart, failing to recognize a vital resistance point to take profits and/or exit trade. 2. Poor options structure. - Went with single call options on this one, I should’ve entered in as a credit spreads/short puts as this stock will move up, but gradually. Next time enter slow moving trends as a credit/debit spread to protect against corrective moves. 3. Failed to continue monitoring trade after the belief that I was good after a triangle break - After that last candle on the triangle break, I stopped watching my trade for 2hrs or so while I was at work thinking that price would go higher, next time monitor big position trades closesly. No longer than 30m w/o checking. Overall: I was up around 600 on this trade and then had to cut losses at the break below the support. I made too many mistakes here that are sending my acc lower and breaking down my mental morale. I need to start laddering my trades and drawing any possible resistance, getting rid of a portion of my contracts at those levels with the size of that portion based off of the strength of the resistance. Ex. Weak resistance 1/4 of contracts, strong resistance 1/2. I also need to focus on bettering my options structure, adding protective options legs to each contract rather than buying straight calls. by GeneticHustle2
Sketchers I got in a $38 put Friday. I feel like price will drop. Details are in photo. I feel like there are many other affordable options out there for the workforce and more to come. Let's see how it works out. Like, Follow, Agree, Disagree! What do you think? * I'm staying in my position regardless. I got into this for the same reason I entered WISH a few weeks ago and hopped out due to lack of confidence. Now wish dropped $4 or more dollars since I've been out....Shortby Redimere_913
PAY to SKECHERS USA DailyHey guys, SKECHERS USA is in a fake downtrend with a bear wick and a strong past sell volume. We observe the TIMEFRAME 1 Min a bull line so all the conditions are met to see the feedback from buyers. It is plausible to go for the next high watch the TIMEFRAME 4H. Then the Daily after is the buyers goal which is on the last previous high in 4H. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd4
SKECHERS Daily/hrly demand zone 28.5-27.5SKECHERS Daily/hrly demand zone 28.5-27.5 Longby financial_freedom_with_guna2
$SKX Sketchers $37 Target on earnings beat Skechers (NYSE:SKX) reports sales in the domestic wholesale business fell 47.3% in Q2 and sales in the international wholesale business decreased 37.8% during the quarter. Comparable same store sales in the direct-to-consumer business were off 45.6%, including a decrease of 35.9% in the U.S. and 66.9% internationally. Sales in China rose 11.5% during the quarter. Gross margin improved 210 bps from a year ago as a result of a favorable mix of online and international sales. A net loss of $68.1M was recorded. CFO update: "Despite the challenges of the second quarter, we are optimistic about the early-stage recovery we are seeing in much of our business, including a return to growth in China and the explosive growth of our e-commerce channel... We ended the second quarter in a position of significant financial strength, having grown our cash balances sequentially by more than $175 million through prudent inventory, working capital and operating expense management." Full-year guidance was withheld by Skechers due to the pandemic.Longby RedHotStocks8
$SKX (Skechers) LONG SKX calls @28 OCT 16 2020 Thesis as follows, Holding previous daily level resistance as support RSI 4h,1H Buy signal Bollinger bands bottom Wedge and trendline bottom Holding 0.382 Fib Fundamentals ✅ More sensible to wait for a turnaround in sentiment as I risk more downside but this is a kangaroo market. If this was a trade I would, Exit : $30.2 Stop loss: $25.7 Longby ashainp4