Steven Madden, Ltd., together with its subsidiaries, designs,
sources, markets, and sells fashion-forward name brand and private label
footwear for women, men, and children. It offers wholesale footwear
under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Steven,
l.e.i., Elizabeth and James, Olsenboye, Stevies, Big Buddha Shoes,
Madden, Betsey Johnson shoes, Report, and Superga to department stores,
mid-tier department stores, better specialty stores, and independently
owned boutiques in the United States. The company also provides
wholesale handbags and accessories under the Daisy Fuentes, Olsenboye,
Steve Madden, Steven by Steve Madden, Betsey Johnson, Betseyville, and
Big Buddha brand names, as well as sells cold weather accessories,
fashion scarves, wraps, and other trend accessories primarily under the
Cejon and Steve Madden brand names to department stores and specialty
stores. In addition, the company licenses its Steve Madden and Steven by
Steve Madden trademarks for use in connection with the manufacturing,
marketing, and sale of cold weather accessories, sunglasses, eyewear,
outerwear, bedding, hosiery and women's fashion apparel, jewelry, and
luggage, as well as licenses Betsey Johnson and Betseyville trademarks
for sale of apparel, jewelry, swimwear, eyewear, watches, fragrances,
and outerwear.
To review Madden's stock, please take a look at the 1-year chart of SHOO (Steven Madden, Ltd.) below with my added notations:
SHOO has rallied higher since bottoming back in July, and for the
entire year the stock has formed a 52-week high resistance level at $45
(blue). A few weeks ago SHOO broke through that resistance on route to a
new 52-week high. A pull back to that $45 level could provide a nice
long entry on the stock.
The Tale of the Tape: SHOO broke out to a new
52-week high. A long trade could be made at $45 with a stop placed below
that level. A break below $45 would negate the forecast for a move
higher.
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