Quiksilver Inc is an apparel company that designs, produces and distributes clothing, accessories and related products for young-minded people. One of my favourite brands around for all my beach wears.
The company stock has taken some beating from the recent high in late April, dropping from US$6.09 to as low as US$3.37. The company is in the black and announced EBITDA of $53.5mil. Revenue has drop a little comparing to 2009 but profit has increased. It seems the stock has now reach a fairly good price.
The stock had actually broken the downward trendline on Wednesday but due to market uncertainty, I didn't feel that it is a good time to enter. But on Friday it seems to have found the strength to push further. I believe there is potential for it to hit about US$4.65.
Entry price : Any price below US$4.25
Cut loss price : Around US$3.95 where it will break the recent upward trendline
Target price : Around US$4.65 (looking forward to end Oct quarterly result)
No comments:
Post a Comment