The stock Skechers is now declining for more than 10% since its highest and offering a pertinent entry point.

The company is healthy with its growth perspective and its growing margin year after year. Analysts are very optimistic on the company and expect the revenue to double in a 2017 horizon. Moreover, the average target price is set at USD 163, corresponding to around 15% potential.

The technical analysis of the share show an upward trend on a mid and long term horizon. In weekly data, the support is made by the 20 period moving average which act as a stepping stone on the stock.

In consequence, investors could buy the stock with the USD 160 as a main target and a stop-loss placed below the USD 130.5 support.