Sketchers USA (SKX) Breaking Out

Sketchers, the footwear manufacturer, has been printing money as of late and the stock has rallied nicely over the past 12 months. Most recently, it has traded in a range near its 52 week high but looks to be breaking out once again. Set to release an earnings report towards the end of July, the stock price of Sketchers USA (SKX) could move higher will improved expectations and a moderate price to earnings ratio.