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Bullish Moving Average Cross by Zumiez Inc (ZUMZ)

By Amy Schwartz

Zumiez Inc (NASDAQ:ZUMZ) shares have crossed bullishly above their 10-day moving average of $12.58 on a volume of 133K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Zumiez Inc has traded in a range of $11.43 to $26.55 and is now at $12.88, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zumiez Inc on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $21.50. Since that call, shares of Zumiez Inc have fallen 42.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zumiez inc

Ticker(s): ZUMZ