Accenture Plc (NYSE:ACN) stock is up 21.9% to trade at $222.71, eyeing its best single-day performance ever, after the company reported on an impressive fourth-quarter with record bookings. The results showed $1.99 billion in profits, compared to $1.41 billion a year ago, while revenue surpassed estimates and rose 6% year-on-year to $18.68 billion.
The security is down 16.3% year to date, but today's bull gap has the stock trading at levels not seen since February. Now eyeing a third-straight daily pop, the 120-day moving average moved in as a floor of support after multiple rejections at the $200 ceiling.
The digital tech firm sports a 50-day put/call volume ratio of 2.71 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 93rd percentile of its annual range, hinting at a much healthier-than-usual appetite for bearish bets over bullish of late.
Lastly, ACN's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 84 out of 100, indicating Accenture stock has tended to exceed option traders' volatility expectations during the past year
