The last time we traded ZUMZ it just gapped from $30 to less than $24. Incredibly oversold reads on MACD, MFI and RSI got us in as the stock found solid footing. Close to 14 days later, I was out of the trade with a gain of 186% using the August 25 call options….
And I believe we can pull a similar gain, as the stock gaps down from $22.50 to $14 a share. Again, it’s oversold on MACD, RSI and MFI as seen below. And it’s only a matter of time before it pops higher… I want in now. Consider buying the stock up to $15 and / or the ZUMZ November 2015 15 calls up to $1.35.
Hold all other current positions. And please look for further updates shortly.
If you have any questions, or comments please feel free to reach me at any time.
Until next time, take good care…
Ian L. Cooper
Rapid Retirement System