Thursday, January 20, 2011

High Volume Corrections at NASDAQ Consumer Goods Sector: (CROX, TSLA, QTWW, JSDA, FEED)

Crocs, Inc. (NASDAQ:CROX) witnessed the correction of 3.96% to close at $15.76
with overall traded volume of 3.39 million shares in the last trading day. The
current market price is 7.98% less than its last 50 days simple moving average.
Tesla Motors Inc (NASDAQ:TSLA) reported the fall of 6.28% and closed at $24.03
whereas total traded volume stood at 2.37 million shares for the day as compare
to its average volume stood at 1.36 million shares. The company maintains strong
short term liquidity position with current ratio of 3.48 times. Quantum Fuel
Systems Technologies (NASDAQ:QTWW) closed at $0.49 after moving down by 7.55%
with traded volume of 1.91 million shares in the last trading day. The share
price is likely to move by 1.32 times against 1 point change in market index.
Jones Soda Co. ( USA ) (NASDAQ:JSDA) dropped by 11.98% and closed at $1.47
whereas overall traded volume stood at 1.59 million shares for the day. The
relative strength index arrives at 56.09 times till its last trading session.
AgFeed Industries, Inc. (NASDAQ:FEED) plunged by 12.01% to close at $2.71 with
total traded volume of 1.83 million shares in the last trading day. The share
price is highly reactive to market index as its beta value stands at 3.08 times
till its last trading day.

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