Trade-Ideas LLC identified

Zumiez

(

ZUMZ

) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Zumiez as such a stock due to the following factors:

  • ZUMZ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.3 million.
  • ZUMZ has traded 50,302 shares today.
  • ZUMZ is trading at 2.06 times the normal volume for the stock at this time of day.
  • ZUMZ is trading at a new low 4.08% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on ZUMZ:

Zumiez Inc. operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. ZUMZ has a PE ratio of 18.

The average volume for Zumiez has been 279,700 shares per day over the past 30 days. Zumiez has a market cap of $837.9 million and is part of the services sector and specialty retail industry. The stock has a beta of 1.26 and a short float of 45.4% with 12.94 days to cover. Shares are up 9.7% year-to-date as of the close of trading on Monday.

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