Zumiez, $ZUMZ, is a teen/tween retailer but with a great set of technicals. And it doesn’t matter how you look at it.
The chart above shows two nested Inverse Head and Shoulders Patterns. The smaller one under way carries a price objective to 32.20. The price has not moved through the neckline of the bigger one yet, but if it does that price objective is to 40.40. A tighter look, since June (maybe even May), shows a ‘W’ pattern in a channel that has been moving higher in the last leg since a visit to the 100 day SMA. It broke over the channel this week and is trying to hold there. If it is successful the target on the channel break is to 33. It has support from the momentum indicators with the RSI in the bullish zone and the MACD rising.
Continue to watch the shorter chart and it can be bought with a stop under the top of the channel for the progression higher.
Recommended for You
Panama opened the long-delayed expansion of its shipping canal on Sunday with just a dozen of the 70 heads of state invited to see the debut of the third set of locks attending the ceremony. Analysts said the rank of those leading the delegations was affected by the Panama Papers scandal, in which…Reuters
PANAMA CITY (AP) — Amid exploding fireworks and waving flags, a Chinese ship carrying more than 9,000 containers on Sunday entered the newly expanded locks that will double the Panama Canal's capacity in a multibillion-dollar bet on a bright economic future despite tough times for international…Associated Press
If 2016 is not one of the more weird years in financial markets, then what honestly is? Now we have an unexpected Brexit that threatens the future structure European Union to add to the mix. As if terrorism, ...24/7 Wall St.
The executive discusses his sudden resignation amid SoftBank's flurry of liquidity events.Fortune
- Ryan HomesSponsored
Charming new community in Fredericksburg w/ tree-lined homesites & amenities. Join our Priority List today for the lowest pricing available & more!
Jim Cramer shares his outlook on the impact of a Brexit for the market next week.CNBC
By Geert De Clercq, Svetlana Burmistrova and Jack Stubbs PARIS/MOSCOW (Reuters) - The $100 billion overseas order book of Russia's nuclear power plant builder Rosatom -- bigger than all its Western competitors combined -- makes it look like the giant in its field. Deal after deal has collapsed in…Reuters
She now expects her son to give her expensive birthday gifts.MarketWatch
NEW YORK (AP) — Britain's vote to leave the European Union last week sent shudders through financial markets, and understandably so.Associated Press
Stocks tumbled in the Middle East on Sunday, the first day of trading since Britain voted to leave the European Union, following other market drops in the U.S. and worldwide. The Saudi Tadawul index, the ...Associated Press
June 25 -- German Chancellor Angela Merkel signaled she wants to avoid punishing the U.K. as it leaves the European Union, though the exit talks “shouldn’t drag on forever.” “Great Britain will remain a close partner,” including through economic tiesand membership in the North Atlantic Treaty…Bloomberg Video
As many people around the world are trying to wrap their minds around what just happened in Britain, you may also be wondering "What does the Brexit mean for my money?"Associated Press
Years of breakneck growth for China's top insurers has been partly fuelled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults. Industry premiums have increased by an average 13.4 percent a…Reuters
Hoping to match the profit margin of his competitors, United Airlines Chief Executive Oscar Munoz laid out a plan this week to generate $3.1 billion in new revenue and savings by 2018.Los Angeles Times
Watch your savings magically grow as you make withdrawals a headache and deposits a breeze.Investopedia
“Keep a stiff upper lip” is a phrase often used to describe the Brits for their fortitude and stoicism during times of distress. U.S. investors may need to borrow the cliché next week as uncertainty and ...MarketWatch
July is nearly here, and as temperature rise, you can expect prices to drop on popular products.Los Angeles Times
- T.D. WilliamsonSponsored
MDS technology makes it possible to determine which pipeline defects are most critical: Watch Differential Diagnostics to see how.
Even before the Brexit vote, Jim Cramer saw some concerning signs for stocks coming from these industries.CNBC Videos
This VC firm wrote a $125,000 check over breakfast to Twilio — now it owns a $500 million stake in the company
The best investors often know how to spot the hidden gems. For Silicon Valley-based Bessemer...Business Insider
The global energy landscape is expected to change in the coming years, while structural changes in auto-industry will reduce global oil demand, but how will this affect the oil and gas industry?Oilprice.com
June 26 -- Half of Labour Party leader Jeremy Corbyn’s senior team is set to resign in protest against his leadership of the country’s opposition as turmoil engulfs British politics after this week’s shock European Union referendum result, the BBC reported. The resignations were prompted by…Bloomberg Video