Stock Chart Analysis ZUMZ

Posted by downtowntrader | 6/27/2007 11:46:00 PM | 0 comments »

Stock Chart Analysis ZUMZ

Zumiez Inc. (Public, NASDAQ:ZUMZ)

ZUMZ has been trading in a base for a few months now and has drifted back to a previous breakout area. This is a classic buy at the lower boundaries of a range play, and there is a fairly decent chance that 36.60 will hold as a pivot low for a while. Obviously much depends on the general markets and the retail sector in particular, but it looks pretty good on its own. Keep in mind that there is still bearish gap resistance above and it should prove to be choppy at the least once it gets there.

Good Trading,


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