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Quiksilver (ZQK) Downgrade Alert, Watch for 0% Technical Downtrend Continuation

Quiksilver (NYSE:ZQK) downgraded to Hold from Buy at Lazard. The stock closed yesterday at $1.93 on volume of 1,478,209 shares, below average daily volume of 1,505,975.

Quiksilver is currently below its 50-day moving average of $2.58 and below its 200-day moving average of $2.01.

SmarTrend is bearish on shares of ZQK and our subscribers received a Downtrend alert on November 03, 2009 at $1.93, which has returned 0% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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