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Upgrade Alert for Zumiez (ZUMZ)

By James Quinn

Zumiez (NASDAQ:ZUMZ) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $21.90 on volume of 396,000 shares, above average daily volume of 346,000.

Zumiez (NASDAQ:ZUMZ) is currently priced 9.8% 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.

Over the past year, Zumiez has traded in a range of $11.53 to $41.96 and closed yesterday at $21.90, 90% 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%.

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

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 36.7%. 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