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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.”

In addition, all of these stocks have also seen a significant increase in their put/call ratios over the last ten trading days. In other words, the number of open put option contracts are growing rapidly relative to call option contracts.

If you're a contrarian, this pessimism in the options market might raise a flag. We'll also list data on Thursday's trading volume - the relative volume indicator expresses yesterday's trading volume as a multiple of the three month average.

List sorted by the percentage change in the Put/Call ratio over the last ten days. (Note: Data collected on Thursday afternoon)

1. Weight Watchers International, Inc. (NYSE:WTW): Personal Services Industry. Market cap of $4.88B. SMA50 at $52.95 vs. SMA200 at $69.93 (current price at $69.93). Relative volume at 2.59. The Put/Call ratio increased by 104.05%, from 0.74 to 1.51. Exhibiting strong upside momentum--currently trading 12.77% above its SMA20, 32.08% above its SMA50, and 90.55% above its SMA200. The stock has had a good month, gaining 11.69%.

2. FelCor Lodging Trust Inc. (NYSE:FCH): REIT. Market cap of $585.09M. SMA50 at $80.75 vs. SMA200 at $6.19 (current price at $6.19). Relative volume at 3.63. The Put/Call ratio increased by 59.74%, from 0.77 to 1.23. It's been a rough couple of days for the stock, losing 6.79% over the last week.

3. Verigy, Ltd. (NASDAQ:VRGY): Semiconductor Equipment & Materials Industry. Market cap of $857.37M. SMA50 at $66.61 vs. SMA200 at $14.07 (current price at $14.07). Relative volume at 1.84. The Put/Call ratio increased by 22.69%, from 1.19 to 1.46. The stock has gained 26.3% over the last year.

4. Axis Capital Holdings Ltd. (NYSE:AXS): Property & Casualty Insurance Industry. Market cap of $4.04B. SMA50 at $70.3 vs. SMA200 at $34.97 (current price at $34.97). Relative volume at 1.79. The Put/Call ratio increased by 11.62%, from 2.41 to 2.69. Relatively low correlation to the market (beta = 0.77), which may be appealing to risk averse investors. The stock has gained 12.91% over the last year.

5. New Alliance Bancshares Inc. (NYSE:NAL): Regional Bank. Market cap of $1.57B. SMA50 at $72.39 vs. SMA200 at $14.84 (current price at $14.84). Relative volume at 1.99. The Put/Call ratio increased by 6.32%, from 4.75 to 5.05. Relatively low correlation to the market (beta = 0.55), which may be appealing to risk averse investors. The stock is a short squeeze candidate, with a short float at 5.66% (equivalent to 9.17 days of average volume). The stock has gained 20.95% over the last year.

*Options data sourced from Shaeffer’s Research, other data sourced from Finviz.

Source: Contrarian Ideas: 5 Breakout Stocks With Rising Put Volume