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Friday, September 23, 2011

A Bullish Sign - Insider Buying: (ARUN), (STEI), (TEX), (LKFN), (XTXI)

Shares of Aruba Networks, Inc. (ARUN) traded higher by 9.02% or $1.77/share to $21.4. In the past year, the shares have traded as low as $16.20 and as high as $36.40. On average, 4219310 shares of ARUN exchange hands on a given day and today's volume is recorded at 3009852. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $26.31 represents resistance and the 50-day moving average of $21.38 would be an area of support. The stock has insider ownership of 0.13%.

Shares of Stewart Enterprises Inc. (STEI) traded higher by 2.44% or $0.14/share to $5.88. In the past year, the shares have traded as low as $4.94 and as high as $8.32. On average, 527690 shares of STEI exchange hands on a given day and today's volume is recorded at 286808. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.16 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.52%.

Shares of Terex Corp. (TEX) traded higher by 0.75% or $0.08/share to $10.77. In the past year, the shares have traded as low as $10.44 and as high as $38.51. On average, 3212670 shares of TEX exchange hands on a given day and today's volume is recorded at 2544260. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $17.48 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 3.08%.

Shares of Lakeland Financial Corp. (LKFN) traded higher by 0.4% or $0.08/share to $19.98. In the past year, the shares have traded as low as $17.33 and as high as $23.81. On average, 61220 shares of LKFN exchange hands on a given day and today's volume is recorded at 24708. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $21.70 area where the stock may encounter resistance. The stock has insider ownership of 1.12%.

Shares of Crosstex Energy Inc. (XTXI) traded higher by 2.85% or $0.40/share to $14.27. In the past year, the shares have traded as low as $7.32 and as high as $15.30. On average, 1002970 shares of XTXI exchange hands on a given day and today's volume is recorded at 383738. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $12.16 area where the stock will likely see buying pressure. The stock has insider ownership of 5.57%.