6 Stocks Near Lows With Rising Call Volume

By
A A A

Compiled by Luis Gonzalez: The following is a list of six companies trading 0-10% above their 52-week low. All of these stocks have seen a recent decrease in the Put/Call ratio, which is based on open interest of option contracts.

In addition, the Put/Call ratios of these companies are at the lower end of their annual ranges.

With the number of call option contracts growing so rapidly relative to put option contracts, do you think these stocks are set for a rally? Full details below.

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz. (Please note: All changes in the Put/Call ratio occur between 2/01 - 2/14)

Analyze These Ideas (Tools Will Open In A New Window)

1. Access a thorough description of all companies mentioned

2. Compare analyst ratings for all stocks mentioned below

3. Visualize market cap changes for the top stocks mentioned 

The list has been sorted by the change in the Put/Call ratio.

1. Campbell Soup Co. (CPB): Processed & Packaged Goods Industry. Market cap of $11.48B. This stock is currently trading 8.71% above its 52-week low. Current Put/Call ratio at 0.44 vs. previous Put/Call ratio at 0.65 (-32.31% change). Short float at 9.68%, which implies a short ratio of 8.45 days. The stock has gained 7.53% over the last year.

2. Allos Therapeutics, Inc. (ALTH): Drug Manufacturer. Market cap of $351.87M. This stock is currently trading 4.4% above its 52-week low. Current Put/Call ratio at 0.26 vs. previous Put/Call ratio at 0.37 (-29.73% change). Short float at 9.37%, which implies a short ratio of 7.47 days. The stock has lost -53.68% over the last year.

3. Dolby Laboratories Inc. (DLB): Diversified Electronics Industry. Market cap of $6.03B. This stock is currently trading 3.09% above its 52-week low. Current Put/Call ratio at 0.88 vs. previous Put/Call ratio at 1.08 (-18.52% change). Short float at 4.39%, which implies a short ratio of 3.97 days. The stock has gained 1.36% over the last year.

4. Rigel Pharmaceuticals, Inc. (RIGL): Drug Manufacturer. Market cap of $348.88M. This stock is currently trading 9.63% above its 52-week low. Current Put/Call ratio at 0.12 vs. previous Put/Call ratio at 0.14 (-14.29% change). Short float at 4.25%, which implies a short ratio of 10.35 days. The stock has lost -29.06% over the last year.

5. Westamerica Bancorp. (WABC): Regional Bank. Market cap of $1.48B. This stock is currently trading 4.73% above its 52-week low. Current Put/Call ratio at 0.65 vs. previous Put/Call ratio at 0.73 (-10.96% change). Short float at 9.84%, which implies a short ratio of 14.11 days. The stock has lost -0.51% over the last year.

6. Cisco Systems, Inc. (CSCO): Networking & Communication Devices Industry. Market cap of $103.65B. This stock is currently trading 1.07% above its 52-week low. Current Put/Call ratio at 0.61 vs. previous Put/Call ratio at 0.68 (-10.29% change). Short float at 0.71%, which implies a short ratio of 0.51 days. The stock has lost -21.3% over the last year.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ALTH , CPB , CSCO , DLB , RIGL , WABC

Kapitall

Kapitall

More from Kapitall:

Related Videos

Stocks

Referenced

Most Active by Volume

110,219,031
  • $6.79 ▲ 14.31%
104,982,008
  • $11.83 ▲ 12.35%
95,065,355
  • $3.40 ▲ 0.59%
79,694,763
  • $36.59 ▲ 2.64%
49,037,292
  • $39.90 ▲ 5.81%
47,069,528
  • $15.34 ▼ 1.03%
43,387,835
  • $6.56 ▼ 1.94%
42,066,487
  • $98.38 ▼ 0.65%
As of 7/29/2014, 04:04 PM