Long Position on ZUMZ @ $39.59 on 1/27/2015 (Momentum)

Zumiez Inc. (ZUMZ) 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. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment.

As of November 29, 2014, the company operated 604 stores, including 552 stores in the United States, 35 stores in Canada, and 17 stores in Europe under the Zumiez and Blue Tomato names; and zumiez.com and blue-tomato.com ecommerce Websites.

Shares of this retailer have formed a bullish "cup & handle" and higher share prices are expected for this stock.

Please note that this is low volume stock, be sure to use a LIMIT ORDER!

52-Weeks Trading Range: $20.68 - $41.81

Entry Point: $39.59

Stop Loss: $37.60

Target Price: $43.55 

Updates

2/2/2015 10:15:38 AM

ZUMZ fell below our stop loss. Closed at $36.80.

Position closed on 2/2/2015 at price of $36.80 with a -7.05% loss in 6 days.

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