The stock Skechers is confirming its upturn and provides investors a good buy area.

Strong fundamentals are highlighted by Surperformance© ratings. The group enjoys of upward revisions on EPS and important growth projections. Indeed, according to the consensus, sales are expected to grow by more than 20% this year. Moreover, the company offers a high profitability level and has a sound financial situation.

Following a bullish wave, the stock is offering an upward signal with the breakout of the USD 55.5 resistance. The movement is supported by an upward trend line and by 20 and 100-day moving averages. In this case, the target will be at USD 64.1, corresponding to the recent high levels.

Therefore, investors could take a long position at current prices in order to profit of an interesting entry point. The objective will be USD 64.1. A stop loss could be placed under the entry point, protecting from a bearish movement.