( americanbull.com)ATHR traded 5.2% lower 3 days ago last week. Last Friday it is trading at $28.03. The stock has been drifting higher over the past ten trading days and is currently trading downside.
From the candlestick, it s confirmed sell signal formed by last Friday.
"Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. It opened today with a gap-down and the day’s activity resulted in a close lower than the open. This is a valid bearish confirmation." ( Americanbulls.com)"
Options overview:
The call volume today is 10,077 contracts, which is 1.9x the average daily volume of 5,301. The put volume is 7,103 contracts, which is 4.4x the average daily volume of 1,625. Heavy volume in both puts and calls suggests that traders are expecting a big move but are unsure of direction.
- Stock Overview (Google)
- Range 27.97 - 28.93
- 52 week 23.56 - 43.90
- Open 28.77
- Vol / Avg. 3.62M/2.76M
- Mkt cap 1.96B
- P/E 18.45
- Div/yield -
- EPS 1.52
Sales* | 795.24 Mil |
| Income* | 103.68 Mil |
| Sales Growth* | +14.80% |
| Income Growth* | NA |
| Net Profit Margin | 13.04% |
| Debt/Equity Ratio | NA |
Financial highlights (MSN) CAP : 4 out of 5
NEWS (Q2 Earing - July 19)
July 19 (Reuters) - Wireless networking chipmaker Atheros Communications Inc (ATHR.O) posted better-than-expected quarterly results, but revenue from the PC segment fell 10 percent sequentially due to uncertainty in European markets.
Chart Reading
Last Friday, the price went down with increased volume. EMA are heading down, with short term blow intermediate and longer term MA (5, 14, 20 days).
STORSI, MACD heading down.
A good chance for short the stock for next week.
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