Power-One, Inc. (PWER): PWER 9.90$ Option Action in Power-One Su...

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Re: momentum74 post# 75

Tuesday, 11/02/2010 9:47:14 AM

Tuesday, November 02, 2010 9:47:14 AM

PWER 9.90$ Option Action in Power-One Suggests Big Price Move Forthcoming (PWER)

Written on Tue, 11/02/2010 - 8:42am
By Chip Brian
Shares of Power-One (NASDAQ:PWER) traded 8.5% lower yesterday, closing at $9.53. The stock has been drifting lower over the past nine trading days but is currently trading in a technical uptrend.
The call volume yesterday was 16,695 contracts, which is 3x the average daily volume of 4,783. The put volume was 7,835 contracts, which is 4x the average daily volume of 1,978. Heavy volume in both puts and calls suggests that traders are expecting a big move but are unsure of direction.
SmarTrend is currently bullish and has Power-One in a technical uptrend. We are now watching for any positive developments that could result in a new uptrend signal.

http://www.mysmartrend.com/news-briefs/news-watch/option-action-power-one-suggests-big-price-move-forthcoming-pwer