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Monday, October 17, 2011

Insider Selling In These Stocks: (LQDT), (CTSH), (N), (ENTG), (LULU)

Shares of Liquidity Services, Inc. (LQDT) traded higher by 3.87% or $1.22/share to $32.74. In the past year, the shares have traded as low as $12.58 and as high as $36.12. On average, 364870 shares of LQDT exchange hands on a given day and today's volume is recorded at 99096. 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 $27.94 area where the stock will likely see buying pressure. The stock has insider ownership of 0.9%.

Shares of Cognizant Technology Solutions Corp. (CTSH) fell by 1.47% or $-1.06/share to $71.16. In the past year, the shares have traded as low as $53.54 and as high as $83.48. On average, 3662930 shares of CTSH exchange hands on a given day and today's volume is recorded at 404736. 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 $72.42 represents resistance and the 50-day moving average of $63.28 would be an area of support. The stock has insider ownership of 0.41%.

Shares of NetSuite Inc. (N) fell by 0.29% or $-0.10/share to $33.87. In the past year, the shares have traded as low as $19.24 and as high as $42.81. On average, 561920 shares of N exchange hands on a given day and today's volume is recorded at 36668. 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 $32.02 area. The stock has insider ownership of 7.08%.

Shares of Entegris, Inc. (ENTG) fell by 1.6% or $-0.13/share to $7.99. In the past year, the shares have traded as low as $4.92 and as high as $10.58. On average, 1721830 shares of ENTG exchange hands on a given day and today's volume is recorded at 200945. 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 $8.23 represents resistance and the 50-day moving average of $7.26 would be an area of support. The stock has insider ownership of 1.25%.

Shares of Lululemon Athletica Inc. (LULU) fell by 1.77% or $-0.96/share to $53.28. In the past year, the shares have traded as low as $21.27 and as high as $64.49. On average, 3762030 shares of LULU exchange hands on a given day and today's volume is recorded at 843712. 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 $53.46 represents resistance and the 200-day moving average of $47.58 would be an area of support. The stock has insider ownership of 0.14%.