Steve Madden (SHOO) Looks to Break to New Highs
Steve Madden (SHOO) a small-cap trading cheap at 15X Earnings and 14.9X FCF closed the week right near key resistance and above $45.50 can make a strong run to $50 or higher as weekly MACD is also crossing to a buy signal after a multi-month consolidation. SHOO out of the weekly bull flag measures to $60 which would surpass the 2021 high and often a name that screens as a likely M&A target
