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Stock to Watch: Quiksilver Down 15.2% (ZQK)
Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
Quiksilver (NYSE:ZQK) is one of today's worst performing low-priced stocks, down 15.2% to $3.45 on 1.3x average daily volume. Thus far today, Quiksilver has traded 1.4 million shares, vs. average volume of 1.1 million shares per day. The stock has underperformed the Dow (-14.0% to the Dow's 0.0%) and underperformed the S&P 500 (-14.0% to the S&P's -0.2%) during today's trading.
Quiksilver (NYSE:ZQK) has potential upside of 31.6% based on a current price of $3.45 and analysts' consensus price target of $4.54. The stock should hit resistance at its 50-day moving average (MA) of $3.46, as well as support at its 200-day MA of $3.33.
Quiksilver, Inc. designs, produces, and distributes branded apparel, winter sports and golf equipment, footwear, accessories, and related products.
Over the past year, Quiksilver has traded in a range of $2.09 to $4.89 and is now at $3.45, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.
SmarTrend recommended that subscribers consider buying shares of Quiksilver on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.82. Since that recommendation, shares of Quiksilver have risen 5.0%. We continue to monitor ZQK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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