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Wednesday, September 21, 2011

Recent Insider Buying Detected: (OC), (SVNT), (BAC), (GPI), (DXCM)

Shares of Owens Corning (OC) fell by 1.66% or $-0.42/share to $24.82. In the past year, the shares have traded as low as $23.91 and as high as $38.94. On average, 1882520 shares of OC exchange hands on a given day and today's volume is recorded at 664945. 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 $29.88 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.93%.

Shares of Savient Pharmaceuticals, Inc. (SVNT) fell by 0.87% or $-0.04/share to $4.58. In the past year, the shares have traded as low as $3.53 and as high as $23.46. On average, 1779500 shares of SVNT exchange hands on a given day and today's volume is recorded at 756417. 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 $5.21 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.52%.

Shares of Bank of America Corporation (BAC) fell by 0.98% or $-0.07/share to $6.83. In the past year, the shares have traded as low as $6.00 and as high as $15.26. On average, 258960330 shares of BAC exchange hands on a given day and today's volume is recorded at 82649888. 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 $8.19 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.02%.

Shares of Group 1 Automotive Inc. (GPI) fell by 0.05% or $-0.02/share to $37.24. In the past year, the shares have traded as low as $25.84 and as high as $49.67. On average, 365630 shares of GPI exchange hands on a given day and today's volume is recorded at 84894. 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 $40.35 area where the stock may encounter resistance. The stock has insider ownership of 5.12%.

Shares of DexCom, Inc. (DXCM) traded higher by 0.38% or $0.05/share to $13.14. In the past year, the shares have traded as low as $9.83 and as high as $16.91. On average, 567920 shares of DXCM exchange hands on a given day and today's volume is recorded at 74772. 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 $14.14 represents resistance and the 50-day moving average of $12.70 would be an area of support. The stock has insider ownership of 0.48%.