Contrarian Ideas: 5 Breakout Stocks With Rising Put Volume
Kapitall submits:The following is a list of breakout stocks, based on moving average trends. For this article, we tracked down stocks that have seen the 50-day simple moving average (SMA50) move above the 200-day moving average (SMA200) -- a bullish technical signal called the "Golden Cross.” In addition, all of these stocks have also seen a significant increase in their put/call ratios over the last ten trading days. In other words, the number of open put option contracts are growing rapidly relative to call option contracts. If you're a contrarian, this pessimism in the options market might raise a flag. We'll also list data on Thursday's trading volume - the relative volume indicator expresses yesterday's trading volume as a multiple of the three month average.
List sorted by the percentage change in the Put/Call ratio over the last ten days. (Note: Data collected on Thursday afternoon) 1. Weight Watchers International, Inc.Complete Story »
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