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8 Stocks Hitting New Highs Today

Zumiez

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Zumiez (ZUMZ - Get Report) is a mall-based specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name. This stock is trading up 1.5% at $31.44 in recent trading after hitting a 52-week high of $31.63 earlier in the day.

Today's Range: $30.47-$31.63

52-Week Range: $15.85-$30.96

Volume: 600,000

Three-Month Average Volume: 540,881

Zumiez has a market cap of $965.9 million and an enterprise value of $826.3 million. The stock trades at a trailing price-to-earnings of 28.59 and a forward price-to-earnings of 22.66. Its estimated growth rate for this year is 31.8%, and for next year it's pegged at 18.1%. The current short interest as a percentage of the float for Zumiez is extremely high at 22.4%.

>>5 Large-Cap Stocks That Could Pop in 2012

From a technical standpoint, ZUMZ has started to trigger a major breakout trade today now that this stock is moving above some past overhead resistance at $30.40 to $30.90 with solid volume.

Traders should now look for a sustained high-volume move and close above those levels to signal that ZUMZ wants to challenge its 2010 high of $33.13. Look for ZUMZ to close near its daily highs and for volume to be well above 540,881 shares.
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SYM TRADE IT LAST %CHG
VPHM $49.96 -0.02%
ZUMZ $23.31 -2.43%
ARIA $9.44 -4.55%
ALXN $172.19 -3.73%
BMRN $129.24 -2.96%

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