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Thursday, October 13, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (CTSH), (RPM), (HOT), (AVB), (BRCM)

Shares of Cognizant Technology Solutions Corp. (CTSH) fell by 0.33% or $-0.24/share to $71.02. In the past year, the shares have traded as low as $53.54 and as high as $83.47. On average, 3659270 shares of CTSH exchange hands on a given day and today's volume is recorded at 170292. 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 $72.44 represents resistance and the 50-day moving average of $63.24 would be an area of support. The stock has insider ownership of 0.41%.

Shares of RPM International Inc. (RPM) fell by 1.99% or $-0.42/share to $20.72. In the past year, the shares have traded as low as $17.20 and as high as $25.54. On average, 1047730 shares of RPM exchange hands on a given day and today's volume is recorded at 88603. 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 $21.74 represents resistance and the 50-day moving average of $19.17 would be an area of support. The stock has insider ownership of 1.3%.

Shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) fell by 0.33% or $-0.15/share to $45.87. In the past year, the shares have traded as low as $35.78 and as high as $65.51. On average, 4470410 shares of HOT exchange hands on a given day and today's volume is recorded at 178424. 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 $54.50 represents resistance and the 50-day moving average of $42.43 would be an area of support. The stock has insider ownership of 0.43%.

Shares of Avalonbay Communities Inc. (AVB) fell by 0.94% or $-1.13/share to $118.98. In the past year, the shares have traded as low as $100.46 and as high as $138.88. On average, 1302900 shares of AVB exchange hands on a given day and today's volume is recorded at 32810. 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 $121.91 area where the stock may encounter resistance. The stock has insider ownership of 1.02%.

Shares of Broadcom Corp. (BRCM) traded higher by 2.76% or $1.00/share to $37.19. In the past year, the shares have traded as low as $30.63 and as high as $47.03. On average, 9241640 shares of BRCM exchange hands on a given day and today's volume is recorded at 892750. 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 $37.23 represents resistance and the 50-day moving average of $34.20 would be an area of support. The stock has insider ownership of 0.45%.