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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 seen the 50-day simple moving average (SMA50) move above the 200-day moving average (SMA200) -- a bullish technical signal called the ""Golden Cross".

Additionally, all of these stocks have experienced a significant increase of their Put/Call ratio over the last two weeks.

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 have more upside momentum potential moving forward.

What do you think? Full details below.

click for expanded image

List sorted by the change in the Put/Call ratio. Please note: All changes in the Put/Call ratio occur between 3/16 - 3/29:

1. Core Laboratories NV (NYSE:CLB): Oil & Gas Equipment & Services Industry. Market cap of $4.56B. SMA50 at $96.22 vs. SMA200 at $86.0 (current price at $102.43). The Put/Call ratio increased by 1354.84%, from 0.62 to 9.02. The stock is a short squeeze candidate, with a short float at 18.29% (equivalent to 24.84 days of average volume). The stock has gained 59.06% over the last year.

2. Sonic Automotive Inc. (NYSE:SAH): Auto Dealerships Industry. Market cap of $720.58M. SMA50 at $100.44 vs. SMA200 at $83.22 (current price at $14.03). The Put/Call ratio increased by 277.01%, from 0.87 to 3.28. The stock is a short squeeze candidate, with a short float at 17.2% (equivalent to 9.82 days of average volume). The stock has gained 19.21% over the last year.

3. James River Coal Co. (JRCC): Industrial Metals & Minerals Industry. Market cap of $662.55M. SMA50 at $93.9 vs. SMA200 at $83.79 (current price at $23.97). The Put/Call ratio increased by 93.67%, from 0.79 to 1.53. Might be undervalued at current levels, with a PEG ratio at 0.85, and P/FCF ratio at 9. The stock has had a good month, gaining 12.45%.

4. Cavium Networks, Inc. (NASDAQ:CAVM): Semiconductor Industry. Market cap of $1.93B. SMA50 at $101.0 vs. SMA200 at $81.51 (current price at $42.11). The Put/Call ratio increased by 56.65%, from 1.73 to 2.71. The stock is a short squeeze candidate, with a short float at 15.53% (equivalent to 6.18 days of average volume). The stock has gained 67.51% over the last year.

5. Synaptics Inc. (NASDAQ:SYNA): Computer Peripherals Industry. Market cap of $915.30M. SMA50 at $108.41 vs. SMA200 at $107.16 (current price at $27.32). The Put/Call ratio increased by 48.0%, from 3 to 4.44. Might be undervalued at current levels, with a PEG ratio at 0.91, and P/FCF ratio at 10.17. The stock is a short squeeze candidate, with a short float at 29.82% (equivalent to 16.97 days of average volume). The stock has performed poorly over the last month, losing 10.66%.

6. Life Time Fitness Inc. (NYSE:LTM): Sporting Activities Industry. Market cap of $1.51B. SMA50 at $111.02 vs. SMA200 at $108.19 (current price at $36.3). The Put/Call ratio increased by 47.71%, from 1.53 to 2.26. This is a risky stock that is significantly more volatile than the overall market (beta = 2.28). The stock is also a short squeeze candidate, with a short float at 18.94% (equivalent to 16.93 days of average volume). The stock has gained 20.93% over the last year.

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

Source: Contrarian Ideas: 6 Breakout Stocks With Increasing Put/Call Ratios