Long Position on ZUMZ @ $36.80 on 11/25/2020 (Momentum)

Zumiez Inc. (ZUMZ) operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women.

Its hardgoods include skateboards, snowboards, bindings, components, and other equipment.

As of February 29, 2020, the company operated 718 stores, including 607 stores in the United States, 52 stores in Canada, 48 stores in Europe, and 11 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

It also operates zumiez.com, blue-tomato.com, and fasttimes.com.au e-commerce websites. The Company is scheduled to report its quarterly results on December 3rd. Ahead of that, shares are breaking out of their bullish "cup and handle." 

Last quarter, it reported 2nd Quarter July 2020 earnings of $1.01 per share on revenue of $250.4 million. The consensus earnings estimate was $0.34 per share on revenue of $226.7 million. Higher share prices are expected for this stock.

Entry Point: $36.80

Stop Loss: $34.95

Trading Range: $13.13 - $37.69

Target Price: $40.50

Updates

1/11/2021 11:17:30 AM

ZUMZ closed at  $42.20

Position closed on 1/11/2021 at price of $42.20 with a 14.67% gain in 47 days.

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