Steven Madden might rebound on the significant threshold currently tested.
From a fundamental viewpoint, the company shows positive informations with an estimated P/E ratio of 15.62x for the current year. Furthermore, the EV/Sales ratio is 1.32x and it confirms the low valuation. Revenues and operating margin growth rates add relevance to this investment.
In the short term, the bearish trend is currently stopped by the USD 31.4 mid-term support. A new bullish trend should be form toward daily moving averages next to the USD 33.1 resistance.
Investors can take a long position on the USD 31.4 area. In the first instance, the target price will be USD 33.1. In case of breakdown of the USD 31.3 support at the closing price, investors should close their positions.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
