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Upgrade Alert for Zumiez (ZUMZ)

By James Quinn

Zumiez (NASDAQ:ZUMZ) was upgraded from Market Perform to Outperform at William Blair today. The stock closed yesterday at $21.15 on volume of 3.3 million shares, above average daily volume of 346,000.

Zumiez Inc., is a specialty retailer of action sports related apparel, footwear, equipment, and accessories.

Zumiez share prices have moved between a 52-week high of $41.96 and a 52-week low of $11.53 and closed yesterday at 83% above that low price at $21.15 per share. The 200-day and 50-day moving averages have moved 1.17% lower and 1.93% lower over the past week, respectively.

Based on a current price of $21.15, Zumiez is currently 6.6% above its average consensus analyst price target of $19.75. Zumiez shares have support at the 50-day moving average (MA) of $18.85 and additional support at the 200-day MA of $18.51.

SmarTrend recommended that subscribers consider buying shares of Zumiez on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.44. Since that recommendation, shares of Zumiez have risen 11.2%. We continue to monitor ZUMZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades zumiez

Ticker(s): ZUMZ