Trade-Ideas LLC identified
) as a strong 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 $14.9 million.
- ZUMZ has traded 84,493 shares today.
- ZUMZ is trading at 4.29 times the normal volume for the stock at this time of day.
- ZUMZ is trading at a new high 3.03% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into 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. 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 multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. The company's stores focuses on the skateboarding, snowboarding, surfing, motocross, and bicycle motocross for young men and women. 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 1.47 and a short float of 22.5% with 6.56 days to cover. Shares are up 9.7% year-to-date as of the close of trading on Monday.