Bulls Continue To Position For More Upside in WMS Industries (WMS)
January 06, 2011 1:29 PM
Shares of WMS Industries (NYSE: WMS) are higher on the session by 0.53%, currently trading at $47.46. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Shares seem poised to test the critical resistance level at $49.10.
Options traders continue to buy upside on the WMS; today we are seeing the January 2011 $50.00 strike purchased 1,000 times, on the offer, for $0.27.
Call volume is running at 8.61x the daily average, with 99% of all calls traded being purchases on the offer. 1,051 calls have traded on the session versus only 25 puts.
WMS Industries Inc. serves the legalized gaming industry by designing, manufacturing and distributing games, video and mechanical reel-spinning gaming machines and video lottery terminals to authorized customers in legal gaming venues worldwide
