Upside Purchased on Harman International (HAR)

Shares of Harman International Industries Inc. HAR are lower on the session by 0.12%, currently trading at $33.74. The stock rallied this week, bouncing back after a large move lower in May. The stock is now nearing the 50-day and 200-day moving averages from the downside. Options traders are favoring the call side today. The July $32.50 strike was purchased 1,080 times, on the offer, a short while ago; open interest on the strike is only 527 contracts. This signals fresh, bullish positioning. Call volume is now running at 5.5x the daily average. Harman International Industries, Incorporated is engaged in the development, manufacture and marketing of high-fidelity audio products and electronic systems. The Company has developed, both internally and through a series of acquisitions, a range of product offerings sold under AKG, Crown, JBL, Infinity, Harman/Kardon, Lexicon, dbx, BSS, Studer/Soundcraft, Mark Levinson and Becker brand names.