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Friday, September 16, 2011

Recent Insider Selling Detected: (CRM), (EGOV), (PETM), (ATRO), (CL)

Shares of Salesforce.com (CRM) traded higher by 0.58% or $0.77/share to $132.99. In the past year, the shares have traded as low as $97.92 and as high as $160.13. On average, 2705420 shares of CRM exchange hands on a given day and today's volume is recorded at 866068. 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 $135.41 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.68%.

Shares of NIC Inc. (EGOV) fell by 0.87% or $-0.10/share to $11.37. In the past year, the shares have traded as low as $7.33 and as high as $13.80. On average, 285670 shares of EGOV exchange hands on a given day and today's volume is recorded at 106886. 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 $11.44 area where the stock may encounter resistance. The stock has insider ownership of 3.38%.

Shares of PetSmart, Inc. (PETM) fell by 0.16% or $-0.07/share to $44.48. In the past year, the shares have traded as low as $33.58 and as high as $46.46. On average, 1236000 shares of PETM exchange hands on a given day and today's volume is recorded at 449201. 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 $42.61 area where the stock will likely see buying pressure. The stock has insider ownership of 0.64%.

Shares of Astronics Corp. (ATRO) traded higher by 3.4% or $0.95/share to $28.89. In the past year, the shares have traded as low as $16.44 and as high as $34.19. On average, 37650 shares of ATRO exchange hands on a given day and today's volume is recorded at 32682. 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 $29.80 represents resistance and the 200-day moving average of $25.39 would be an area of support. The stock has insider ownership of 4.47%.

Shares of Colgate-Palmolive Co. (CL) traded higher by 0.34% or $0.31/share to $92.6. In the past year, the shares have traded as low as $71.63 and as high as $92.32. On average, 2895930 shares of CL exchange hands on a given day and today's volume is recorded at 1497413. 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 $87.00 area where the stock will likely see buying pressure. The stock has insider ownership of 0.44%.