Momentum Ideas: 7 Stocks Hitting 52-Week Highs on Rising Call Volume

Below is a list of 7 stocks that have recently hit a new 52-week high. These stocks have also seen significant decreases in their put/call ratios within the last ten trading days (3/21 to 4/1). In other words, these companies have seen significant growth in the number of open call option positions relative to put option positions.

Do you think these bullish trends can continue for these names? Read below, using this list as a starting-off point for your own analysis.



List sorted by decrease in put/call ratio.

1. Time Warner Cable Inc. (TWC): CATV Systems Industry. Market cap of $25.66B. Put/call ratio decreased 79.04% over the last two weeks (from 1.67 to 0.35). TWC has a relatively low correlation to the market (beta = 0.69), which may be appealing to risk-averse investors. The stock has gained 38.71% over the last year.

2. Cooper Industries plc (CBE): Conglomerates Industry. Market cap of $11.50B. Put/call ratio decreased 61.80% over the last two weeks (from 0.89 to 0.34). CBE is exhibiting strong upside momentum--currently trading 9.9% above its SMA20, 10.47% above its SMA50, and 31.52% above its SMA200. The stock has had a couple of great days, gaining 7.8% over the last week.

3. BorgWarner Inc. (BWA): Auto Parts Industry. Market cap of $9.06B. Put/call ratio decreased 32.26% over the last two weeks (from 0.93 to 0.63). The stock is a short squeeze candidate, with a short float at 12.17% (equivalent to 6.68 days of average volume). The stock has gained 111.18% over the last year.

4. CIGNA Corporation (CI): Health Care Plans Industry. Market cap of $12.09B. Put/call ratio decreased 29.73% over the last two weeks (from 0.74 to 0.52). The stock has gained 20.53% over the last year.

5. Fastenal Co. (FAST): General Building Materials Industry. Market cap of $9.71B. Put/call ratio decreased 26.92% over the last two weeks (from 0.78 to 0.57). The stock is a short squeeze candidate, with a short float at 10.13% (equivalent to 16.15 days of average volume). The stock has gained 34.69% over the last year.

6. China Telecom Corp. Ltd. (CHA): Telecom Services Industry. Market cap of $93.41B. Put/call ratio decreased 21.62% over the last two weeks (from 0.37 to 0.29). The stock has gained 6.42% over the last week.

7. Tenaris SA (TS): Steel & Iron Industry. Market cap of $29.52B. Put/call ratio decreased 10.81% over the last two weeks (from 0.37 to 0.33). The stock has had a couple of great days, gaining 7.69% over the last week.

*Options data sourced from Schaeffer’s, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.