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Quiksilver Starts Fifth Week Of Flat Pattern.(B)(NYSE STOCKS IN THE NEWS)
Byline: Nancy Gondo
Quiksilver broke out of a three-month base Sept. 10 and rallied more than 20% through its Dec. 1 high. The stock has since traded in a tight range the past four weeks. A 6% correction from the peak to the trough of the range puts it in the flat-base camp. If the stock keeps moving sideways ahead of a potential breakout, the pivot would be 31.25, or 0.10 above the Dec. 1 high.
The maker of board-sports-inspired apparel grew sales and profit more than 17% the past four quarters. Analysts expect that growth trend to continue the next two periods. Quiksilver profit has beaten analysts' views by at least a penny a share the past ...
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