Trading Alert for Brocade Communications Systems (BRCD)
Posted on 07/27/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- BRCD options saw interesting call activity today. A total of 695 put and 5,780 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.12. There were 8.32 calls traded for each put contract.
The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today’s unusual volume activity confirms that traders are rebalancing their portfolios.
Shares of Brocade Communications Systems closed at $5.17 in the previous trading session and opened today at $5.18.
BRCD is currently trading at $5.05, down $0.12 (-2.32%) in today's trading session.
The shares of the stock are trading between $5.05 and $5.22.
Today's volume of 9,787,397 shares is less than the average volume of 13,757,100 shares.
BRCD is trading below the 50 day moving average and lower than the 200 day moving average.
The stock's 52 week low is $4.85 and 52 week high is $9.84.
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