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Wednesday, September 28, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (CIEN), (DHX), (CLF), (CUK), (IIVI)

Shares of CIENA Corp. (CIEN) fell by 4.56% or $-0.56/share to $11.73. In the past year, the shares have traded as low as $10.33 and as high as $29.24. On average, 7035700 shares of CIEN exchange hands on a given day and today's volume is recorded at 1746308. 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 $13.25 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 2.79%.

Shares of Dice Holdings, Inc. (DHX) fell by 2.81% or $-0.25/share to $8.66. In the past year, the shares have traded as low as $8.00 and as high as $18.75. On average, 725330 shares of DHX exchange hands on a given day and today's volume is recorded at 83240. 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 $10.54 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 13.7%.

Shares of Cliffs Natural Resources Inc. (CLF) fell by 6.1% or $-3.71/share to $57.06. In the past year, the shares have traded as low as $53.86 and as high as $101.93. On average, 3734810 shares of CLF exchange hands on a given day and today's volume is recorded at 1644679. 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 $78.48 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.42%.

Shares of Carnival plc (CUK) fell by 1.11% or $-0.36/share to $32.08. In the past year, the shares have traded as low as $28.39 and as high as $49.38. On average, 177050 shares of CUK exchange hands on a given day and today's volume is recorded at 57739. 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 $32.12 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.05%.

Shares of II-VI Inc. (IIVI) fell by 1.76% or $-0.33/share to $18.37. In the past year, the shares have traded as low as $16.95 and as high as $29.95. On average, 395130 shares of IIVI exchange hands on a given day and today's volume is recorded at 63116. 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 $20.48 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 7.86%.