Here we present 10 rallying stocks, currently trading above their 20-day, 50-day, and 200-day moving averages. These stocks have also seen significant increases in their put/call ratios over the last two weeks, indicating highly bearish options sentiment.
Do you think these could be contrarian opportunities to buy in? Read below, using this list as a starting-off point for your own analysis into potential contrarian opportunities.
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List sorted by increase in put-call ratio over the last ten trading days.
1. Spirit AeroSystems Holdings Inc (SPR): Aerospace/Defense Products & Services Industry. Market cap of $3.58B. The stock is currently 2.21% above its 20-day moving average, 3.94% above its 50-day MA, and 21.06% above its 200-day MA. Put/Call ratio increased 313.51% over the last two weeks (from 0.37 to 1.53). The stock has gained 8.36% over the last year.
2. Weight Watchers International, Inc. (WTW): Personal Services Industry. Market cap of $5.10B. The stock is currently 10.97% above its 20-day moving average, 29.43% above its 50-day MA, and 87.93% above its 200-day MA. Put/Call ratio increased 172.34% over the last two weeks (from 0.47 to 1.28). The stock has had a couple of great days, gaining 9.5% over the last week.
3. Louisiana-Pacific Corp. (LPX): Lumber, Wood Production Industry. Market cap of $1.39B. The stock is currently 7.89% above its 20-day moving average, 5.04% above its 50-day MA, and 26.04% above its 200-day MA. Put/Call ratio increased 47.30% over the last two weeks (from 0.74 to 1.09). This is a risky stock that is significantly more volatile than the overall market (beta = 2.72). The stock has gained 12.54% over the last year.
4. Helmerich & Payne Inc. (HP! ): Oil & Gas Drilling & Exploration Industry. Market cap of $7.30B. The stock is currently 8.84% above its 20-day moving average, 13.83% above its 50-day MA, and 47.14% above its 200-day MA. Put/Call ratio increased 42.03% over the last two weeks (from 0.69 to 0.98). The stock has had a couple of great days, gaining 7.19% over the last week.
5. V.F. Corporation (VFC): Apparel Clothing Industry. Market cap of $10.71B. The stock is currently 4.21% above its 20-day moving average, 10.07% above its 50-day MA, and 21.53% above its 200-day MA. Put/Call ratio increased 31.85% over the last two weeks (from 1.35 to 1.78). The stock has gained 25.28% over the last year.
6. Reinsurance Group of America Inc. (RGA): Life Insurance Industry. Market cap of $3.91B. The stock is currently 3.52% above its 20-day moving average, 4.75% above its 50-day MA, and 21.03% above its 200-day MA. Put/Call ratio increased 27.17% over the last two weeks (from 2.54 to 3.23). RGA has a relatively low correlation to the market (beta = 0.62), which may be appealing to risk-averse investors. The stock might be undervalued at current levels, with a PEG ratio at 0.93, and P/FCF ratio at 4.98. RGA has gained 20.08% over the last year.
7. Whole Foods Market, Inc. (WFMI): Grocery Stores Industry. Market cap of $11.44B. The stock is currently 9.02% above its 20-day moving average, 15.39% above its 50-day MA, and 47.11% above its 200-day MA. Put/Call ratio increased 26.04% over the last two weeks (from 0.96 to 1.21). The stock has had a good month, gaining 13.86%.
8. Fossil, Inc. (FOSL): Recreational Goods Industry. Market cap of $5.99B. The stock is currently 10.61% above its 20-day moving average, 18.25% above its 50-day MA, and 53.84% above its 200-day MA. Put/Call ratio increased 25.83% over the last two weeks (from 1.2 to 1.51). The stock has had a couple of great days, gaining 9.51% over the last wee! k.
9. AutoNation Inc. (AN): Auto Dealerships Industry. Market cap of $5.28B. The stock is currently 6.97% above its 20-day moving average, 10.71% above its 50-day MA, and 36.78% above its 200-day MA. Put/Call ratio increased 25.64% over the last two weeks (from 0.78 to 0.98). The stock is a short squeeze candidate, with a short float at 9.53% (equivalent to 10.76 days of average volume). The stock has gained 94.77% over the last year.
10. Priceline.com Incorporated (PCLN): General Entertainment Industry. Market cap of $24.89B. The stock is currently 9.32% above its 20-day moving average, 13.39% above its 50-day MA, and 42.28% above its 200-day MA. Put/Call ratio increased 22.43% over the last two weeks (from 1.07 to 1.31). The stock has had a couple of great days, gaining 6.39% over the last week.
*Options data sourced from Schaeffer’s, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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