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Zumiez Declining With Trend-Confirming Volume (ZUMZ)

By Nick Russo

The price of Zumiez shares has slipped to $13.07 (a 9.5% change) on heavy trading volume. Approximately 385,000 shares have changed hands today vs. average 30-day volume of 346,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Zumiez on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $21.50. Since that call, shares of Zumiez have fallen 32.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Zumiez share prices have moved between a 52-week high of $41.96 and a 52-week low of $11.53 and are now trading 13% above that low price at $13.07 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.9%.

Keywords: unusual volume zumiez

Ticker(s): ZUMZ