Shares of Trident Microsystems (NASDAQ:TRID) traded 5.2% higher yesterday, closing at $1.42. The stock has been drifting higher over the past nine trading days but is currently trading in a technical downtrend.
The call volume yesterday was 138 contracts, which is 17x the average daily volume of 8. Usually high call volume is an indicator that many investors are looking for higher prices in the near future.
Trident Microsystems, Inc. designs, develops, and markets graphics and multimedia integrated circuits for personal computers. The Company's products are sold through a network of original equipment manufacturers, original design manufacturers, and system integrators worldwide.