SmarTrend has detected shares of BMC Software (NYSE: BMC) have bullishly opened above the pivot of $43.92 today and have reached the first resistance level of $44.37.

We are watching for a cross of the next upside pivot targets of $44.61 and $45.30. Also, the shares are currently trading above the 50-day moving average of $38.69 and above the 200-day moving average of $38.01.

SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of BMC Software on August 23, 2010 at $37.73. Since the call, the stock has risen 17.7%.

Source:-http://www.benzinga.com/press-releases/10/10/c526756/next-resistance-level-for-bmc-software-bmc-is-44-61

BMC options saw interesting call activity today. A total of 297 put and 1,082 call contracts were traded raising a low Put/Call volume alert. Today’s traded Put/Call ratio is 0.27. There were 3.64 calls traded for each put contract.

Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of investor behavior. Unusual options volume provides reliable clues that the stock is expected to make a move.

BMC Software (BMC) closed at $36.49 in the last trading session and opened today at $36.35. BMC is trading at $36.05, down $0.44 (-1.21%) in today’s trading session. The daily low is $35.97 and the high is $36.60. The trading volume of 3,121,482 is above the average volume of 2,373,350 shares. BMC is trading below the 50 day moving average and lower than the 200 day moving .

Source:-http://www.marketintellisearch.com/articles/1045645.html

options saw interesting call activity today. A total of 643 put and 2,913 call contracts were traded raising a low Put/Call volume alert. Today’s traded Put/Call ratio is 0.22. There were 4.53 calls traded for each put contract.

The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today’s unusual volume activity confirms that traders are rebalancing their portfolios.

Shares of BMC Software Inc. edged down $0.82 (-2.18%) to $36.82. The stock closed at $37.64 in the previous trading session and opened today at $37.26. The price of the stock ranged between a low of $36.58 and $37.35 respectively. The trading volume of 3,691,911 is above the 90 day average volume of 2,421,370 shares. BMC is trading above the 50 day moving average. The stock’s 52 week low is $34.24 and 52 week high is $41.27.

Source:-http://www.marketintellisearch.com/articles/1043436.html