Reds Options Alert: Hecla Mining Co. (NYSE:HL)
HL options saw interesting call action Thursday. A total of 5,283 Put and 17,001 Call contracts were traded raising a low Put/Call volume alert with at Put/Call ratio of 0.31, meaning that there were 3.22 Calls traded for each Put contract traded.
The Unusual Trading Action
1. Low Put/Call Ratio
Note: Put/Call ratio is often used by savvy players to measure investment sentiment, the ratio serves as a predictor of player behavior. Unusual options volume provides reliable clues that the stock is expected to make a move.
Shares of Hecla Mining Co. closed down 0.47 (-5.18%) to 8.60.
The stock closed at 9.07 on Wednesday and opened Thursday at 9.03.
HL traded between 8.56 and 9.10 on the day.
Volume:15,154,634/shrs is above the 90 day average volume of 14,221,600/shrs.
HL is trading below its 50 Day Moving Average, its 52 week low is 4.27 and 52 week high is 11.56, its P/E ratio is 29.66, and its EPS is 0.29.
Price Performance Metrics for Hecla Mining Co.Wk:-3.91% Mo. -23.49% Q: 26.66% 6 Mo: 77.32 Yr: 75.51%
Analysis Overall Short Intermediate Long
Neutral (-0.02) Bearish (-0.25) Neutral (-0.06) Bullish (0.26)
Recent CandleStick Analysis Very Bearish
Date Candle
27 Jan 2011 Bearish Harami
Open Gaps
Direction Date Range
Up 4 Nov 2010 7.02 to 7.15
Down 20 Jan 2011 9.47 to 9.12
Down 4 Jan 2011 11.16 to 11.08
Support and Resistance
Type Value Conf.
resist. 13.02 1
resist. 11.39 4
resist. 11.12 2
resist. 10.57 3
resist. 10.03 2
resist. 9.56 6
resist. 9.19 3
resist. 8.84 2
supp 7.84 2
supp 7.16 5
supp 6.46 4
supp 6.16 2
supp 5.70 2
supp 5.12 2
supp 4.77 2
1y Target Estimate 13.10
