Quicksilver Resources (KWK) NewsBite - KWK Down Sharply Following Broker Downgrade

Posted: Friday, November 06, 2009 2:53 PM EDT

Quicksilver Resources (KWK) was downgraded today by analysts at Jefferies and the stock is now at $12.86, down $0.47 (-3.53%) on volume of 2,595,516 shares traded. KWK stock is trading sharply lower after the company was downgraded today by Jefferies to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $3.74 in December to a high of $16.55 last month. Quicksilver Resources stock has been showing support around $12.42 and resistance in the $13.82 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for KWK. We will just watch this one for now. There are no hedged trades we like the look of for KWK. [ABR-Seven Summits Strategic Investments NewsBite]

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