Skechers SKX Stock & Option Trade Ideas

Based on the technical data for SKX, here is an analysis:

The Moving Average Convergence Divergence (MACD) indicator is indicating a bullish signal since the MACD line is above the Signal line.

The Relative Strength Index (RSI) is currently at a relatively high level, which may suggest that the stock is overbought.

The Bollinger Bands are showing that the stock price is trending upwards and is currently trading above the middle band.

Considering the above analysis, here are some potential trading strategies for SKX:

• **Stock Trades:**
  • Consider buying SKX stock as it is in a bullish trend based on the MACD indicator.
  • Set a stop-loss below the lower Bollinger Band to manage risk in case the stock price reverses.
  • Take profits when the RSI indicates that the stock is overbought.
• **Option Trades:**
  • Consider buying call options on SKX to benefit from the bullish trend.
  • Look for options with expiration dates that align with your trading timeframe.
  • Monitor the RSI for potential exit points to capture profits.