Shares of China Medical Technologies CMED are higher on the session by 0.32%, currently trading at $12.72. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the June 2011 $16.00 call was purchased 500 times, on the offer, on open interest of 260 contracts. The $15 and $16 strikes are also active in September.
Overall call volume is now running at 2.47x the daily average with 71% of all calls traded being purchases on the offer.
China Medical Technologies, Inc. is principally engaged in the commercialization, manufacture and sale of medical devices and supplies to customers primarily in the People's Republic of China.
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