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Wednesday, October 26, 2011

Insider Selling In These Stocks: (ETE), (BKI), (OZRK), (M), (RDEN)

Shares of Energy Transfer Equity, L.P. (ETE) traded higher by 1.71% or $0.64/share to $38.12. In the past year, the shares have traded as low as $30.78 and as high as $46.62. On average, 683180 shares of ETE exchange hands on a given day and today's volume is recorded at 130022. 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 $39.87 represents resistance and the 50-day moving average of $36.79 would be an area of support. The stock has insider ownership of 42.44%.

Shares of Buckeye Technologies Inc. (BKI) traded higher by 0.52% or $0.15/share to $28.8. In the past year, the shares have traded as low as $15.13 and as high as $29.38. On average, 477370 shares of BKI exchange hands on a given day and today's volume is recorded at 99486. 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 $26.26 area where the stock will likely see buying pressure. The stock has insider ownership of 2.82%.

Shares of Bank of the Ozarks, Inc. (OZRK) traded higher by 1.42% or $0.34/share to $24.2. In the past year, the shares have traded as low as $18.23 and as high as $27.49. On average, 285290 shares of OZRK exchange hands on a given day and today's volume is recorded at 21732. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $22.82 area. The stock has insider ownership of 7.07%.

Shares of Macy's, Inc. (M) traded higher by 0.13% or $0.04/share to $30.6. In the past year, the shares have traded as low as $21.49 and as high as $31.37. On average, 9697040 shares of M exchange hands on a given day and today's volume is recorded at 1367390. 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 $26.60 area where the stock will likely see buying pressure. The stock has insider ownership of 0.05%.

Shares of Elizabeth Arden, Inc. (RDEN) traded higher by 1.24% or $0.42/share to $34.38. In the past year, the shares have traded as low as $19.26 and as high as $35.00. On average, 219800 shares of RDEN exchange hands on a given day and today's volume is recorded at 12623. 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 $31.65 area where the stock will likely see buying pressure. The stock has insider ownership of 8.05%.