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SmarTrend's Option Scanner Detects Unusual Activity in Bruker (BRKR)

Written on Thu, 07/29/2010 - 7:45am
By Chip Brian

Shares of Bruker (NASDAQ:BRKR) traded 7.9% higher yesterday, closing at $12.30. The stock has been drifting higher over the past nine trading days but is currently trading in a technical downtrend.
The put volume yesterday was 601 contracts, which is 13x the average daily volume of 47. Usually high put volume is an indicator that many investors are looking for lower prices in the near future.
SmarTrend's analytics is currently bearish and has Bruker in a technical downtrend. We are now watching for any positive developments that could result in a new uptrend signal.

Keywords: bruker unusual option volume

Ticker(s): BRKR

Contact Chip Brian



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