iShares Russell 2000 Index (IWM) - Market Recap

Posted on 01/03/2013 by Norm Sorkin

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NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a new 3-month call volume record. A total of 556,917 put and 111,111 calls were traded where call contracts outnumbered puts 0.2:1, yielding a 5.01 ratio.

Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Shares of iShares Russell 2000 Index declined $0.20 (0.23%) to $86.60 in today's trading session. The price of IWM ranged between $86.37 - $87.28. Volume is 44M in relation to the three month average volume of 39M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. IWM is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $72.94 and 52 week high is $86.96. Performance indicators show that the stock has gained 4.93% within the last quarter.


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