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Shares of Eastman Kodak (NYSE:EK) are trading 2.3% lower today, recently trading at $4.25. The stock has been drifting higher over the past ten trading days but is currently trading in a technical downtrend. The put volume today was 7,158 contracts, which is 1.9x the average daily volume of 3,824. Usually high put volume is an indicator that many investors are looking for lower prices in the near future. SmarTrend alerted subscribers to take profits in Eastman Kodak on April 30, 2010 at $6.58, since then the stock fell 35.4%. We are now watching for any positive developments that could result in a new uptrend signal.
