Zumiez (ZUMZ) Is Today's Strong On High Volume Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Zumiez ( ZUMZ) 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 $9.1 million.
  • ZUMZ has traded 99,169 shares today.
  • ZUMZ is trading at 5.48 times the normal volume for the stock at this time of day.
  • ZUMZ is trading at a new high 3.30% 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 action sports related apparel, footwear, accessories, and hardgoods. The company's stores focus on skateboarding, snowboarding, surfing, motocross, and bicycle motocross for young men and women. ZUMZ has a PE ratio of 17.7.

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 1.72 and a short float of 7.9% with 5.54 days to cover. Shares are up 9.7% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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