Unusual Trading Activity for Ivanhoe Mines Ltd. (IVN)
Posted on 07/29/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- IVN options saw interesting call activity today. A total of 294 put and 1,988 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.15. There were 6.76 calls traded for each put contract.
Put/Call ratio is often used to measure investor sentiment,
the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests
that the investor sentiment is bearish and that investors expect the underlying stock
to decrease in value. In contrast, a low Put/Call ratio suggests that the investor
sentiment is bullish and that the underlying stock is expected to increase in value.
Unusual volume provides reliable clues that the stock is expected to make a move.
Shares of Ivanhoe Mines Ltd. gained $0.15 (+0.86%) to $17.51.
The stock closed at $17.36 in the last trading session and today the shares of IVN opened at $17.77.
So far today, the stock has hit a low of $17.09 and high of $17.77. The current trading volume of 1,971,746
is less than average volume of 2,246,680 shares.
IVN is trading above the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $7.09 and 52 week high is $18.94.
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