Zumiez Inc. : The USD 30.7 for a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
US$31.73 |
US$0 |
US$29.8 |
-100% |
---|
Zumiez’s share price was heavily penalized and is now in an oversold situation near to a solid support area.
According to Surperformance© ratings, the company offer an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements. The financial situation is solid and the current prices are well below the consensus target price (USD 37.1).
Currently, the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the USD 30.7 area. Zumiez should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 34.3 and by extension towards USD 36.
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