Skechers USA comes back upon contact with important technical level that might give impetus to a rebound.

Regarding fundamentals Skechers USA seems to be in a good shape. Indeed, sales are estimated in perpetual growth for the next two years. Due to good margins, the company is expected to get a good net income for 2014. (+161% compared to 2013). As all previous figures, the Earning per share should also increase by 151% at USD 2.71 per share in 2014.

Graphically, a good opportunity has emerged. A strong support is define by the upward trend line at USD 56. So, the price could reach the USD 60.8. This level correspond to the next resistance. This scenario is confirmed by all moving averages which are clearly bullish-oriented.

According to both fundamentals and technical analysis, a good opportunity could has emerged to open a long position on Skechers. The target will be the USD 60.8 level and a stop-loss order could be placed under the upward trend line around USD 54.