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Friday, September 30, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (ULTA), (OIS), (BWLD), (LULU), (HSY)

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) fell by 3.71% or $-2.45/share to $63.67. In the past year, the shares have traded as low as $27.76 and as high as $74.00. On average, 918180 shares of ULTA exchange hands on a given day and today's volume is recorded at 223943. 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 $61.11 area where the stock will likely see buying pressure. The stock has insider ownership of 2.57%.

Shares of Oil States International Inc. (OIS) fell by 1.82% or $-0.96/share to $51.79. In the past year, the shares have traded as low as $45.05 and as high as $87.00. On average, 833170 shares of OIS exchange hands on a given day and today's volume is recorded at 67844. 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 $66.34 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.85%.

Shares of Buffalo Wild Wings Inc. (BWLD) fell by 1.64% or $-1.02/share to $61.35. In the past year, the shares have traded as low as $42.42 and as high as $69.52. On average, 461220 shares of BWLD exchange hands on a given day and today's volume is recorded at 53150. 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 $61.37 represents resistance and the 200-day moving average of $56.86 would be an area of support. The stock has insider ownership of 1.31%.

Shares of Lululemon Athletica Inc. (LULU) fell by 2.83% or $-1.47/share to $50.44. In the past year, the shares have traded as low as $21.27 and as high as $64.49. On average, 3892960 shares of LULU exchange hands on a given day and today's volume is recorded at 717877. 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 $55.68 represents resistance and the 200-day moving average of $46.72 would be an area of support. The stock has insider ownership of 0.14%.

Shares of Hershey Co. (HSY) traded higher by 1.12% or $0.66/share to $59.61. In the past year, the shares have traded as low as $44.76 and as high as $60.96. On average, 1433450 shares of HSY exchange hands on a given day and today's volume is recorded at 126538. 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 $57.20 area where the stock will likely see buying pressure. The stock has insider ownership of 0.23%.