The following is a list of breakout stocks, based on moving average trends. For this article, we tracked down stocks that have recently seen the 50-day simple moving average (SMA50) move above the 200-day moving average (SMA200) - a bullish technical signal called the "Golden Cross."
In addition, all of these stocks have seen a recent decrease in the Put/Call ratio, which is based on open interest of option contracts. (Note: The Put/Call ratios of these companies are at the lower end of their annual ranges.)
With the number of call option contracts growing so rapidly relative to put option contracts, do you think these stocks are set for a rally? Full details below.
Options data sourced from Schaeffer's, short float and performance data sourced from Finviz. (Please note: All changes in the Put/Call ratio occur between Feb 17 - March 3.)
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