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Thursday, October 13, 2011

Insider Ownership Increasing: (NKE), (ENTG), (OPK), (NYT), (NBIX)

Shares of Nike Inc. (NKE) traded higher by 0.03% or $0.03/share to $91.82. In the past year, the shares have traded as low as $68.92 and as high as $93.89. On average, 3513590 shares of NKE exchange hands on a given day and today's volume is recorded at 839846. 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 $85.50 area where the stock will likely see buying pressure. The stock has insider ownership of 0.19%.

Shares of Entegris, Inc. (ENTG) traded higher by 1.39% or $0.11/share to $8.01. In the past year, the shares have traded as low as $4.82 and as high as $10.58. On average, 1765650 shares of ENTG exchange hands on a given day and today's volume is recorded at 515637. 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 $8.22 represents resistance and the 50-day moving average of $7.26 would be an area of support. The stock has insider ownership of 0.89%.

Shares of Opko Health, Inc. (OPK) fell by 0.73% or $-0.04/share to $4.78. In the past year, the shares have traded as low as $2.41 and as high as $5.04. On average, 1283460 shares of OPK exchange hands on a given day and today's volume is recorded at 1301496. 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 $4.18 area where the stock will likely see buying pressure. The stock has insider ownership of 7.29%.

Shares of The New York Times Company (NYT) fell by 3.36% or $-0.23/share to $6.62. In the past year, the shares have traded as low as $5.50 and as high as $11.72. On average, 2401330 shares of NYT exchange hands on a given day and today's volume is recorded at 251623. 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 $6.98 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 14.73%.

Shares of Neurocrine Biosciences Inc. (NBIX) traded higher by 5.31% or $0.32/share to $6.35. In the past year, the shares have traded as low as $5.42 and as high as $9.30. On average, 340480 shares of NBIX exchange hands on a given day and today's volume is recorded at 115636. 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 $7.10 represents resistance and the 50-day moving average of $5.94 would be an area of support. The stock has insider ownership of 10.45%.