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Friday, September 23, 2011

Insider Selling In These Stocks: (LULU), (JCOM), (CVI), (N), (AVB)

Shares of Lululemon Athletica Inc. (LULU) traded higher by 1.66% or $0.90/share to $55.13. In the past year, the shares have traded as low as $20.76 and as high as $64.49. On average, 3986140 shares of LULU exchange hands on a given day and today's volume is recorded at 538110. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $56.39 represents resistance and the 200-day moving average of $46.17 would be an area of support. The stock has insider ownership of 0.14%.

Shares of j2 Global Communications, Inc. (JCOM) fell by 1.14% or $-0.34/share to $29.45. In the past year, the shares have traded as low as $22.89 and as high as $32.67. On average, 417650 shares of JCOM exchange hands on a given day and today's volume is recorded at 69071. 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 $29.25 area where the stock will likely see buying pressure. The stock has insider ownership of 6.29%.

Shares of CVR Energy, Inc. (CVI) traded higher by 0.4% or $0.09/share to $22.69. In the past year, the shares have traded as low as $7.46 and as high as $29.61. On average, 2554240 shares of CVI exchange hands on a given day and today's volume is recorded at 411486. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $25.85 represents resistance and the 200-day moving average of $21.27 would be an area of support. The stock has insider ownership of 1.24%.

Shares of NetSuite Inc. (N) traded higher by 1.18% or $0.34/share to $29.27. In the past year, the shares have traded as low as $19.24 and as high as $42.81. On average, 562290 shares of N exchange hands on a given day and today's volume is recorded at 34245. 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 $31.64 area where the stock may encounter resistance. The stock has insider ownership of 7.08%.

Shares of Avalonbay Communities Inc. (AVB) traded higher by 0.69% or $0.80/share to $116.07. In the past year, the shares have traded as low as $100.03 and as high as $139.91. On average, 1265950 shares of AVB exchange hands on a given day and today's volume is recorded at 119988. 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 $122.14 area where the stock may encounter resistance. The stock has insider ownership of 1.03%.