AsiaInfo Holdings Inc. (ASIA)

[MistySteel]

Unusual Trading Activity for AsiaInfo Holdings (ASIA)
Posted on 05/14/2010 by Leo Goldman
([e-mail])

NEW YORK (Market Intellisearch) -- ASIA options saw interesting call activity today. A total of 89 put and 3,133 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.03. There were 35.20 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 AsiaInfo Holdings gained $1.81 (+8.43%) to $23.27. The stock closed at $21.46 in the last trading session and today the shares of ASIA opened at $21.48. So far today, the stock has hit a low of $21.00 and high of $23.42. The current trading volume of 4,116,468 is greater than average volume of 896,269 shares. ASIA is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $15.30 and 52 week high is $32.60.