Quiksilver (ZQK) NewsBite - Quiksilver Rises on Upgrade

Posted on Tuesday, March 04, 2008 12:48 PM

Quiksilver Inc. (ZQK) opened at 9.01. So far today, the stock has hit a low of 8.84 and a high of 9.26. ZQK is now trading at 8.99, up 0.11 (1.22%). The stock hit its 52 week high of 15.51 in August and set its 52 week low of 5.69 in January. ZQK fell at the end of 2007, but has been stronger recently. Shares of Quiksilver have been trading higher today after a Caris & Company analyst lifted his rating on the stock to "Above Average" from "Average." Technical indicators for the stock are bullish and steady while S&P gives ZQK a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider a May bull-put credit spread below the $7.50 range. ZQK stock could fall up to X% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]