ZUMZ will rocket soon. Because of the earning estimate for 3Q, the boat has to pass the $34 no matter what. There is a high volume accumulation pointing toward $50 by October. Good aggressive company by opening 35 new stores in this period. WOWWW...
I am not sure about the "pointing toward $50 by October" but there is ample evidence in the past week or so of increasing volume which is great.
It will be interesting to see if Institutional Investors are starting to nibble on ZUMZ now that they've had a Qtr. under their belt so to speak. I am sure that in the inevitable portfolio rotation that occurs at the end of the qtr. there will be a net outflow from Retail stocks, and hopefully there will be fund managers/hedge funds that will do pairs trades like Short or sell ANF and go long winners (so far) like ZUMZ. We'll see.
I bought this stock for 28 because of my 13 year old grandson. He and his friends love this store. Get on there web site and see what they offer for the teen age and older boys in all kinds of clothing and gear. They are in a very sweet spot for this group. Management knows what they are doing. The money for the new issue is being used to open new stores .