Zumiez Trading Lower on Heavy Volume, Inline With Overall Trend (ZUMZ)
Zumiez's stock is down 1.7% to $14.39 on heavy trading volume. About 1.2 million shares have been traded today, as compared to the 30-day average 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 April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $16.79. Since that call, shares of Zumiez have fallen 10.3%. 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 23% above that low price at $14.17 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