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Below is a list of 15 tech stocks that are trading above their 20-day, 50-day, and 200-day moving averages. These 15 stocks have also seen steep declines in their open interest put/call ratios within the last two weeks, reaching levels near the bottom of their 1-year OI put/call trading range (i.e. rising open interest in call options relative to put options)

Although the options sentiment on these names has been bullish, contrarian investors may argue that put/call ratios trading at such low levels are not sustainable, and this may indicate a turnaround in the near future. Do you agree?

Read below, using this list as a starting-off point for your own analysis.

Options data sourced from Schaeffer’s, all other 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.

List sorted by decrease in put/call ratio over the last two weeks.

1. Informatica Corporation (NASDAQ:INFA): Business Software & Services Industry. Market cap of $4.88B. The stock is currently 8.89% above the 20-day MA, 10.20% above the 50-day MA, and 34.11% above the 200-day MA. Put/Call ratio has decreased 92.00% over the last two weeks (from 2.25 to 0.18, which is placed at the bottom of the 1-year range). The stock is a short squeeze candidate, with a short float at 6.75% (equivalent to 6.85 days of average volume). The stock has had a couple of great days, gaining 9.09% over the last week.

2. ScanSource, Inc. (NASDAQ:SCSC): Technical & System Software Industry. Market cap of $992.24M. The stock is currently 2.41% above the 20-day MA, 4.44% above the 50-day MA, and 22.49% above the 200-day MA. Put/Call ratio has decreased 86.60% over the last two weeks (from 0.97 to 0.13, which is placed at the bottom 2.00% of the 1-year range). The stock has gained 5.37% over the last week.

3. Synchronoss Technologies, Inc. (NASDAQ:SNCR): Application Software Industry. Market cap of $1.26B. The stock is currently 2.80% above the 20-day MA, 5.31% above the 50-day MA, and 40.30% above the 200-day MA. Put/Call ratio has decreased 80.28% over the last two weeks (from 0.71 to 0.14, which is placed at the bottom 1.00% of the 1-year range). SNCR has gained 7.48% over the last week.

4. Coherent Inc. (NASDAQ:COHR): Scientific & Technical Instruments Industry. Market cap of $1.49B. The stock is currently 0.42% above the 20-day MA, 5.07% above the 50-day MA, and 33.11% above the 200-day MA. Put/Call ratio has decreased 76.74% over the last two weeks (from 0.86 to 0.2, which is placed at the bottom 6.00% of the 1-year range). The stock has had a great couple of days, gaining 7.23% over the last week.

5. ACI Worldwide, Inc. (NASDAQ:ACIW): Technical & System Software Industry. Market cap of $1.08B. The stock is currently 3.95% above the 20-day MA, 12.50% above the 50-day MA, and 34.16% above the 200-day MA. Put/Call ratio has decreased 75.00% over the last two weeks (from 0.56 to 0.14, which is placed at the bottom 16.00% of the 1-year range). The stock has gained 53.31% over the last year.

6. EchoStar Corp. (NASDAQ:SATS): Communication Equipment Industry. Market cap of $3.16B. The stock is currently 4.08% above the 20-day MA, 16.86% above the 50-day MA, and 59.46% above the 200-day MA. Put/Call ratio has decreased 73.17% over the last two weeks (from 0.41 to 0.11, which is placed at the bottom of the 1-year range). The stock has gained 87.12% over the last year.

7. Rofin-Sinar Technologies Inc. (NASDAQ:RSTI): Scientific & Technical Instruments Industry. Market cap of $1.09B. The stock is currently 1.86% above the 20-day MA, 0.91% above the 50-day MA, and 32.39% above the 200-day MA. Put/Call ratio has decreased 69.81% over the last two weeks (from 0.53 to 0.16, which is placed at the bottom 2.00% of the 1-year range). The stock has gained 72.06% over the last year.

8. SuccessFactors, Inc. (NYSE:SFSF): Business Software & Services Industry. Market cap of $2.97B. The stock is currently 6.16% above the 20-day MA, 12.94% above the 50-day MA, and 39.88% above the 200-day MA. Put/Call ratio has decreased 63.75% over the last two weeks (from 1.6 to 0.58, which is placed at the bottom 2.00% of the 1-year range). Short float at 12.3% (equivalent to 9.07 days of average volume), implying the stock is a short squeeze candidate.

9. Stratasys Inc. (NASDAQ:SSYS): Computer Peripherals Industry. Market cap of $980.69M. The stock is currently 0.46% above the 20-day MA, 12.50% above the 50-day MA, and 49.87% above the 200-day MA. Put/Call ratio has decreased 53.79% over the last two weeks (from 1.45 to 0.67, which is placed at the bottom 1.00% of the 1-year range). The stock is a short squeeze candidate, with a short float at 11.63% (equivalent to 10.31 days of average volume). The stock has gained 78.98% over the last year.

10. VirnetX Holding Corp (NYSEMKT:VHC): Internet Software & Services Industry. Market cap of $794.78M. The stock is currently 24.98% above the 20-day MA, 21.50% above the 50-day MA, and 37.48% above the 200-day MA. Put/Call ratio has decreased 41.94% over the last two weeks (from 0.31 to 0.18, which is placed at the bottom 7.00% of the 1-year range). Short float at 12.24% (equivalent to 7.27 days of average volume), implying the stock is a short squeeze candidate. The stock has had a couple of great days, gaining 28.63% over the last week.

11. Kulicke & Soffa Industries Inc. (NASDAQ:KLIC): Semiconductor Equipment & Materials Industry. Market cap of $681.25M. The stock is currently 5.57% above the 20-day MA, 1.36% above the 50-day MA, and 29.18% above the 200-day MA. Put/Call ratio has decreased 40.38% over the last two weeks (from 0.52 to 0.31, which is placed at the bottom 18.00% of the 1-year range). This is a risky stock that is significantly more volatile than the overall market (beta = 2.75). KLIC has gained 10.93% over the last week.

12. Trimble Navigation Limited (NASDAQ:TRMB): Scientific & Technical Instruments Industry. Market cap of $5.89B. The stock is currently 0.55% above the 20-day MA, 2.92% above the 50-day MA, and 30.56% above the 200-day MA. Put/Call ratio has decreased 35.48% over the last two weeks (from 0.93 to 0.6, which is placed at the bottom 7.00% of the 1-year range). The stock has gained 70.86% over the last year.

13. Sonus Networks, Inc. (NASDAQ:SONS): Communication Equipment Industry. Market cap of $1.04B. The stock is currently 2.31% above the 20-day MA, 14.12% above the 50-day MA, and 22.88% above the 200-day MA. Put/Call ratio has decreased 3 over the last two weeks (from 0.1 to 0.07, which is placed at the bottom 11.00% of the 1-year range). SONS has gained 8.72% over the last week.

14. ASML Holding NV (NASDAQ:ASML): Semiconductor Equipment & Materials Industry. Market cap of $18.57B. The stock is currently 1.08% above the 20-day MA, 1.81% above the 50-day MA, and 25.22% above the 200-day MA. Put/Call ratio has decreased 23.21% over the last two weeks (from 0.56 to 0.43, which is placed at the bottom 8.00% of the 1-year range). The stock has had a couple of great days, gaining 5.28% over the last week.

15. Cepheid (NASDAQ:CPHD): Scientific & Technical Instruments Industry. Market cap of $1.68B. The stock is currently 3.28% above the 20-day MA, 8.30% above the 50-day MA, and 33.65% above the 200-day MA. Put/Call ratio has decreased 22.86% over the last two weeks (from 0.35 to 0.27, which is placed at the bottom 12.00% of the 1-year range). The stock is a short squeeze candidate, with a short float at 12.87% (equivalent to 24.29 days of average volume). The stock has gained 5.44% over the last week.

Source: 15 Rallying Tech Stocks With Bullish Options Sentiment