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Quiksilver Rising Today on Above-Average Volume (ZQK)
Jan 14, 2013 (SmarTrend(R) News Watch via COMTEX) --
Quiksilver's stock is up 6.0% to $5.79 on heavy trading volume. Today's volume of 2.4 million shares tops the average 30-day volume of 2.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
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 46.1%. We continue to monitor ZQK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Quiksilver share prices have moved between a 52-week high of $5.82 and a 52-week low of $2.09 and are now trading 175% above that low price at $5.75 per share. The 200-day and 50-day moving averages have moved 0.77% higher and 6.24% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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