Skechers Was Still Running When We Took Our Profit
Skechers(SKX) investors.com·2024-05-18 05:10
A portfolio is a lot like a garden. Sometimes you have to do some weeding to let the flowers thrive. Skechers found its way on our list due to its relative strength. But when it didn't move as strong as the market, we took our profit to move on to new ideas.X Skechers Starts RunningThe April correction that unfolded in the major market indexes hit most stocks. Skechers (SKX) was no exception.In fact, it went through its 50-day moving average line before the major market indexes did (1).But a strong gap-up a ...