Skechers USA stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 87 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
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Is Skechers USA Stock A Buy?
Skechers USA stock has been trading in a wide and long consolidation and is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could launch a new move.
The apparel-show maker company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -14% to -6%. Revenue rose from 12% to 21%.
Skechers USA stock earns the No. 3 rank among its peers in the Apparel-Shoes & Related industry group. Crocs and Deckers Outdoor are among the top 5 highly rated stocks within the group.
