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TMCNet:  Traders Hedging Bets in SuccessFactors as Put Volume Surges (SFSF)

[September 02, 2010]

Traders Hedging Bets in SuccessFactors as Put Volume Surges (SFSF)

Sep 02, 2010 (SmarTrend News Watch via COMTEX) -- Shares of SuccessFactors (NASDAQ:SFSF) traded 0.4% higher yesterday, closing at $21.01. 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 1,631 contracts, which is 14x the average daily volume of 116. 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 SuccessFactors in a technical downtrend. We are now watching for any positive developments that could result in a new uptrend signal.

Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup

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