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Recent 52-Week High Exceeded in Shares of Quiksilver (ZQK)

Published on Fri, 02/08/2013 - 15:27
By Peter Chu

Quiksilver (NYSE:ZQK) traded today at a new 52-week high of $6.81. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Quiksilver (NYSE:ZQK) defies analysts with a current price ($6.80) 20.7% above its average consensus price target of $5.39. The stock should discover initial support at its 50-day moving average (MA) of $5.01 and subsequent support at its 200-day MA of $3.52.

Quiksilver, Inc. designs, produces, and distributes branded apparel, winter sports and golf equipment, footwear, accessories, and related products.

In the past 52 weeks, Quiksilver share prices have been bracketed by a low of $2.09 and a high of $6.81 and are now at $6.80, 225% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 4.3%.

By Peter Chu
pchu@fnno.com