NYSE:QIHU - A large cap that is good to pick up on bullish days - correlates closely with FB, but moves twice as fast; look at the 6 month comparison charts.
Qihoo 360 Technology Co. Ltd - Trading Review
Posted on 10/18/2013 by Rich Singler
NEW YORK (AVAFIN) -- A record number of Qihoo 360 Technology Co. Ltd call contracts were traded during the busy trading session. There were 4.1 call contracts traded for each put contract yielding a 0.24 put/call ratio where 5,691 put and 23,614 call contracts exchanged hands.
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.
The trading volume of 4M is above the 90 day average volume of 2M shares. Shares of Qihoo 360 Technology Co. Ltd edged up $7.06 (+8.06%) to $94.67. The price of the stock ranged between a low of $88.62 and $94.79 respectively.
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
