Zumiez tests the low of its recent trading range, levels to watch The shares recently touched $18.58, which is the low of the trading range that has been in place since October. A breakdown below $18.58 would be price bearish, with next support at $17.71. Breaks of trading ranges that have evolved over time tend to produce larger price reactions. Resistance is at $19.06.
Zumiez downgraded to Neutral from Buy at B. Riley B. Riley downgraded Zumiez to Neutral with a reduced price target of $40 from $44. Firm's checks suggest a lackluster final week of Spring, an up-tick in promotions and discounting this week, and difficult comps the rest of the year.