Daily Trade Flow Review for Baxter International (BAX)

Posted on 03/15/2013 by Rich Singler

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NEW YORK (AVAFIN) -- Baxter International options contracts experienced a new 90-day record for call contracts where a total of 9,920 call contracts were traded in the busy trading session. The contract spread yielded a 1.57 put/call ratio where 0.6 call contracts were traded for each put contract.

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Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high put/call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. On the other hand, a low put/call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Baxter lost almost half of its U.S. infusion pump market share because of a product recall, and regaining share from CareFusion and Hospira will be an uphill battle. Additionaly, Biogen Idec and Novo Nordisk are taking aim at Baxter's Advate, and a less-frequent dosing schedule may be enough to convince physicians and patients to switch from Baxter's established brand.

Shares of Baxter International declined $0.65 (0.93%) to $69.41 in today's trading session. The price of BAX ranged between $68.94 - $69.95. Volume is 3M in relation to the three month average volume of 2M shares. BAX is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $48.98 and 52 week high is $70.53. To date, the stock has gained 1.11% within the last week.

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