Price Alert for China Life Insurance Co. Ltd. (LFC)
Posted on 07/28/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- China Life Insurance Co. Ltd. options saw high put activity today. A total of 1,796 put and 239 call contracts were traded raising a high Put/Call volume alert. Today's traded Put/Call ratio is 7.51. There were 7.51 puts traded for each call contract.
Options are useful tools for predicting the movement of the
underlying stock. Put/Call ratio statistics serve as a useful predictor of investment
sentiment, indicating what experienced investors are doing in preparation for a move of an
underlying stock. Thus, unusual volume provides reliable clues that the stock is
expected to make a move.
Shares of China Life Insurance Co. Ltd. edged down $0.12 (-0.18%) to $66.85.
The stock closed at $66.97 in the previous trading session and opened today at $66.90.
The price of the stock ranged between a low of $66.77 and $67.36 respectively.
The trading volume of 655,958 is below the 90 day average volume of 893,761 shares.
LFC is trading above the 50 day moving average.
The stock's 52 week low is $60.11 and 52 week high is $81.00. The stock has a P/E ratio of 23.25 and a dividend yield of 2.30%.
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