Shares of Phase Forward (NASDAQ:PFWD) traded relatively unchanged yesterday, closing at $16.82. The stock has been drifting higher over the past nine trading days and is currently trading in a technical uptrend.
The put volume yesterday was 90 contracts, which is 23x the average daily volume of 4. Usually high put volume is an indicator that many investors are looking for lower prices in the near future.
Phase Forward Inc.provides data management solutions for clinical trials and drug safety, offering solutions in electronic data capture (EDC), clinical data management (CDM), and adverse event reporting (AER) as either an integrated solution or as stand-alone applications.