Quiksilver (ZQK) Weak On High Volume Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Quiksilver ( ZQK) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Quiksilver as such a stock due to the following factors:

  • ZQK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.0 million.
  • ZQK has traded 1.8 million shares today.
  • ZQK is trading at 2.70 times the normal volume for the stock at this time of day.
  • ZQK is trading at a new low 7.00% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on ZQK:

Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children.

The average volume for Quiksilver has been 3.0 million shares per day over the past 30 days. Quiksilver has a market cap of $267.0 million and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 4.28 and a short float of 30.6% with 7.88 days to cover. Shares are down 81.5% year-to-date as of the close of trading on Thursday.

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