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Skechers Sees Composite Rating Move Up To 97


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Skechers ( SKX ) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 97.

[ibd-display-video id=2368044 width=50 float=left autostart=true] The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Skechers is currently forming a cup with handle , with a 30.00 buy point. Look for the stock to break out in heavy trade at least 40% above average.

See How IBD Helps You Make More Money In Stocks

The stock has an 86 EPS Rating, meaning its recent quarterly and annual earnings growth tops 86% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The company posted a 40% earnings gain for Q3. Revenue growth fell to 16%, down from 17% in the previous quarter.

Skechers holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Steven Madden ( SHOO ) and Crocs ( CROX ) are also among the group's highest-rated stocks.

RELATED:

Which Companies Are Now Outperforming 95% Of All Stocks?



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: SKX , SHOO , CROX



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