Bearish MACD for Skechers - Tale of the Tape

Skechers USA, Inc.'s (SKX) MACD indicator has moved into bearish territory with a reading of -0.0023. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $22.01 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending 2010 has decreased by 2 cents over the past week to $2.90 per share.
 
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