Bears Take a Shot at Jabil Circuit

Sharse of Jabil Circuit Inc. JBL are off 2.03% on the session, currently trading $14.94. The stock is also seeing put buying in the name as well. The June $15 put was purchased on the offer 4,000 times a short while ago; open interest on that strike was only 2,137 contracts, which signals new, bearish positioning. Jabil Circuit is struggling to hold the 200-day moving average around the $14 handle. Even if it holds there, there is significant resistance around $16 and then $18.