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The following is a list of stocks with two noteworthy indicators – increasing put/call ratios over the last two weeks and bearish MACD crossovers over the last two days (based on the MACD (12,26,9) indicator).

Although increasing put options represent bearish sentiment, 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 relative to call option positions, contrarians would think most of the stocks mentioned below are set for a rally. What do you think?

Options data sourced from Schaeffer's, short float and performance data sourced from Finviz, MACD signals sourced from Stockcharts.com. (Please note: All changes in the Put/Call ratio occur between 2/9 - 2/23.)

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 change in the Put/Call ratio.

1. Superior Industries International, Inc. (NYSE:SUP): Auto Parts Industry. Market cap of $531.39M.

Put/Call ratio increased from 0.57 to 2.61 (+357.89% change). Daily MACD Line(12,26,9) at -0.062.

Short float at 4.54%, which implies a short ratio of 10.12 days. The stock has gained 39.12% over the last year.

2. Minerals Technologies Inc. (NYSE:MTX): Synthetics Industry. Market cap of $1.18B.

Put/Call ratio increased from 2.3 to 10.4 (+352.17% change). Daily MACD Line(12,26,9) at 0.104.

Short float at 2.1%, which implies a short ratio of 4.5 days. The stock has gained 32.79% over the last year.

Other Highlights:

- The company appears to be undervalued relative to book value. Price/Book ratio at 1.6, much lower than the industry average of 3.56.

- The company has low debt and great liquidity, which significantly reduces its risk over the coming months. During the most recent quarter, the total Debt/Assets ratio stood at 8.71% vs. the industry average at 24.81%. Total Debt/Equity came in at 12.87%, lower than the industry average at 67.72%. The company also appears to be more liquid than its competitors. The TTM Current Ratio stands at 4.24, higher than the industry average at 1.8. (Note: All ratios based on the most recent quarter, annualized)

3. MAP Pharmaceuticals, Inc. (NASDAQ:MAPP): Drug Manufacturer. Market cap of $479.67M.

Put/Call ratio increased from 1.73 to 4.48 (+158.96% change). Daily MACD Line(12,26,9) at 0.030.

Short float at 5.4%, which implies a short ratio of 15.5 days. The stock has gained 15.2% over the last year.

4. Northern Oil and Gas, Inc. (NYSEMKT:NOG): Oil & Gas Drilling & Exploration Industry. Market cap of $1.42B.

Put/Call ratio increased from 1.34 to 2.05 (+52.99% change). Daily MACD Line(12,26,9) at 0.437.

Short float at 9.43%, which implies a short ratio of 5.86 days. The stock has gained 126.49% over the last year.

Other Highlights:

- The company's capital spending accelerated by 58.45% over the last five years, much faster than the industry average of 19.65%. At least theoretically, this makes them more competitive over the coming years, since their operational assets are more up-to-date.

- Over the last year, the company has proven itself to be more profitable than its industry competitors. Trailing twelve month (NYSE:TTM) gross margin at 84.48%, higher than the industry average at 36.82%. TTM EBITD margin at 67.1% vs. industry average at 30.74%, while TTM operating margin came in at 39.73%, higher than the industry average at 16.52%. The company also outperformed with its pretax margin, reporting a ratio of 38.85%, higher than the industry average at 15.69%.

- Institutional and mutual fund investors have been net purchasers of the company's shares over the last two quarters, suggesting that the smart money thinks there's more upside to the stock. Institutional investors have been net buyers of 11.0M shares during the most recent quarter, vs. 1.8M net shares purchased in the previous quarter. Mutual fund investors have also been optimistic on the stock. They were net buyers of 937.4K shares during the most recent quarter, vs. 5.0M net shares purchased in the previous quarter.

5. Black Box Corp. (NASDAQ:BBOX): Networking & Communication Devices Industry. Market cap of $666.53M.

Put/Call ratio increased from 0.82 to 1 (+21.95% change). Daily MACD Line(12,26,9) at 0.329.

Short float at 2%, which implies a short ratio of 4.84 days. The stock has gained 30.58% over the last year.

Other Highlights:

- The company appears to be undervalued relative to book value. Price/Book ratio at 0.93, much lower than the industry average of 4.07.

6. American Express Company (NYSE:AXP): Credit Services Industry. Market cap of $53.31B.

Put/Call ratio increased from 1.33 to 1.47 (+10.53% change). Daily MACD Line(12,26,9) at 0.330.

Short float at 1.13%, which implies a short ratio of 1.53 days. The stock has gained 18.84% over the last year.

Source: Contrarian Ideas: 6 Beaten Up Stocks With Rising Put Volume