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Monday, October 17, 2011

A Bullish Sign - Insider Buying: (DNP), (ED), (ITT), (CWT), (NEOG)

Shares of DNP Select Income Fund Inc. (DNP) fell by 0.73% or $-0.07/share to $10.13. In the past year, the shares have traded as low as $8.41 and as high as $10.20. On average, 411490 shares of DNP exchange hands on a given day and today's volume is recorded at 172970. 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 $9.85 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.

Shares of Consolidated Edison Inc. (ED) traded higher by 0.57% or $0.33/share to $57.88. In the past year, the shares have traded as low as $45.90 and as high as $58.79. On average, 2797740 shares of ED exchange hands on a given day and today's volume is recorded at 653451. 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 $55.71 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.

Shares of ITT Corporation (ITT) fell by 1.19% or $-0.54/share to $44.89. In the past year, the shares have traded as low as $39.63 and as high as $63.08. On average, 1819250 shares of ITT exchange hands on a given day and today's volume is recorded at 477030. 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 $53.58 represents resistance and the 50-day moving average of $44.20 would be an area of support. The stock has insider ownership of 0.06%.

Shares of California Water Service Group (CWT) fell by 1.7% or $-0.31/share to $17.91. In the past year, the shares have traded as low as $16.65 and as high as $19.21. On average, 271510 shares of CWT exchange hands on a given day and today's volume is recorded at 49593. 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 $18.06 represents resistance and the 50-day moving average of $17.89 would be an area of support. The stock has insider ownership of 0.79%.

Shares of Neogen Corp. (NEOG) fell by 1.35% or $-0.51/share to $37.3. In the past year, the shares have traded as low as $31.18 and as high as $47.92. On average, 163900 shares of NEOG exchange hands on a given day and today's volume is recorded at 44524. 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 $39.15 represents resistance and the 50-day moving average of $34.59 would be an area of support. The stock has insider ownership of 5.56%.