User: Violet: Retail: slopechart_SKX.jpg

slopechart_SKX.jpg

SKX - Skechers has basically been in a trading range for seven years. Monthly chart holding the line. Earnings July 26, tomorrow.  
NOTE: Spruce Point Capitol published a report and alleged that Skechers’ “business is deteriorating and that financial pressures are mounting” and highlighted that channel checks found inventory and sales issues. Spruce Point also noted that ten members of the founding families of Skechers now work at the company and it is ripe with “nepotism, self-enrichment, rampant related party transactions, and remarkably poor corporate governance.”

Image added via SlopeCharts
slopechart_SKX.jpg

Comments

VioletViolet
SKX yearly. 
7/25/22
VioletViolet
About as thin as it gets - a thin Cloud normally comes with a trend change.  
7/25/22
Garcia65Garcia65
Thanks, Violet bought the Oct 43 put. 7/25/22
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