Options data reveals bearish tendencies from traders, though. This pessimism could unwind and act as an upside catalyst for the shares. This means near-term options are inexpensive, from a historical volatility standpoint. More recently, TEX shares have found strong support from their day moving average, as well as their year-to-date breakeven mark.
Options traders have remained bearish, however. Let's Get Started Now! Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.
About Schaeffer's Research Legal Notices. A number of industrial stocks could be set to follow Deere stock higher. Published on May 24, at 1: The "Machinery Tools" sector has been outperforming. Our internal sector scorecard, compiled weekly by Schaeffer's Senior Quantitative Analyst Rocky White, helps identify underloved sectors for our contrarian trading strategy. Ideally, we're looking for sectors that have been performing well from a technical standpoint, yet pessimism remains high.
This time around, the "Machinery Tools" sector was near the top of the list, likely thanks to a recent after-earnings rally from Deere stock. This level is also home to SNA's day moving average. Like its sector peers, put buying has been popular on SNA, albeit amid relatively low absolute volume. A capitulation from some of the weaker bearish hands could boost the stock. There's rarely been a better time to buy options during the past year, too. Most Active Weekly Options.
Most Active Options Update. Indicator of the Week. Best and Worst Stocks. GLD hit its intraday high as the U. The Russian ruble is dropping against the U.
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