Following some less the impressive Q4 forecasts Volcom shares dipped below their 50-day moving average this morning with a 15 percent drop, according to Market Intellisearch.
Technical analysts and investors may interpret today’s trading activity as a sign that the shares will continue to head lower in the foreseeable future assuming the moving average has downward slope. . . The stock’s 52 week low is $14.7 and the high is $24.79. The technical momentum Relative Strength Index indicator shows oversold conditions.
But wait. What about that $1 special dividend? To read the entire transcript of yesterdays Volcom earnings call click here.
[Link: Market Intellisearch and OC Business Journal]
don’t buy the stock yet. It will probably get to the price of quik stock.
Volcom has made some bad internal decesions over the past 2quaters…it is now showing in their revenue
well, they can always just start blaring techno music….maybe that will distract everyone…
oh wait, they already did that…
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