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The following is a list of breakout stocks, based on moving average trends. For this article, we tracked down stocks that have recently seen the 50-day simple moving average (SMA50) move above the 200-day moving average (SMA200) -- a bullish technical signal called the "Golden Cross".

When these two moving averages cross, it often represents a shift in investor sentiment. And to provide more perspective on these breakouts, we collected data on options market sentiment.

All of the stocks mentioned below have a large number of open put option positions relative to call option positions, i.e. a high Put/Call ratio.

Some technical traders view the Put/Call ratio as a contrary indicator when it reaches extreme highs or lows. In other words, because the stocks mentioned below have a high number of open put option positions, contrarians would think most of the stocks mentioned below are set for more gains. Do you agree?

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.


The list has been sorted by the Put/Call ratio (Note: Data was collected on Tuesday afternoon, January 25.)

1. FirstMerit Corporation (NASDAQ:FMER):
Regional Banks Industry. Market cap of $2.05B. SMA50 at $18.90 vs. SMA200 at $18.63 (current price at $18.97). Call open interest at 277 contracts vs. put open interest at 4,621 contracts (Put/Call ratio at 16.68). Short float at 5.12%, which implies a short ratio of 7.9 days. The stock has lost 11.94% over the last year.

2. Entercom Communications Corp. (NYSE:ETM):
Broadcasting Industry. Market cap of $381.86M. SMA50 at $9.91 vs. SMA200 at $9.66 (current price at $10.3). Call open interest at 236 contracts vs. put open interest at 2,694 contracts (Put/Call ratio at 11.42). Short float at 10.93%, which implies a short ratio of 14.78 days. The stock has gained 24.13% over the last year.

3. Masco Corporation (NYSE:MAS): Wood Production Industry. Market cap of $4.79B. SMA50 at $12.47 vs. SMA200 at $12.14 (current price at $13.36). Call open interest at 32,077 contracts vs. put open interest at 98,519 contracts (Put/Call ratio at 3.07). Short float at 5.26%, which implies a short ratio of 4.03 days. The stock has lost 0.67% over the last year.

4. Gannett Co., Inc. (NYSE:GCI):
Publishing Industry. Market cap of $3.55B. SMA50 at $14.47 vs. SMA200 at $14.22 (current price at $14.8). Call open interest at 9,143 contracts vs. put open interest at 21,017 contracts (Put/Call ratio at 2.3). Short float at 9.92%, which implies a short ratio of 5.94 days. The stock has lost 6.36% over the last year.

5. Capital One Financial Corp. (NYSE:COF):
Credit Services Industry. Market cap of $22.15B. SMA50 at $41.96 vs. SMA200 at $41.08 (current price at $48.21). Call open interest at 31,097 contracts vs. put open interest at 70,261 contracts (Put/Call ratio at 2.26). Short float at 4.03%, which implies a short ratio of 4.08 days. The stock has gained 29.63% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.