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Look for Shares of Zumiez Inc to Potentially Pullback after Yesterday's 1.85% Rise

By James Quinn

Zumiez Inc (NASDAQ:ZUMZ) traded in a range yesterday that spanned from a low of $22.73 to a high of $23.44. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $22.91 on volume of 261,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Zumiez Inc share prices have been bracketed by a low of $17.57 and a high of $32.70 and are now at $23.08, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zumiez Inc on May 10th, 2019 by issuing a Downtrend alert when the shares were trading at $24.47. Since that call, shares of Zumiez Inc have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders zumiez inc

Ticker(s): ZUMZ