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Monday, October 17, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (ECPG), (CVLT), (SYK), (GOOG), (MORN)

Shares of Encore Capital Group, Inc. (ECPG) fell by 4.19% or $-1.12/share to $25.58. In the past year, the shares have traded as low as $17.98 and as high as $33.16. On average, 212160 shares of ECPG exchange hands on a given day and today's volume is recorded at 7505. 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 $25.97 represents resistance and the 50-day moving average of $22.66 would be an area of support. The stock has insider ownership of 1.31%.

Shares of CommVault Systems, Inc. (CVLT) fell by 2.09% or $-0.87/share to $40.92. In the past year, the shares have traded as low as $25.67 and as high as $47.55. On average, 716270 shares of CVLT exchange hands on a given day and today's volume is recorded at 67830. 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 $37.27 area. The stock has insider ownership of 7.1%.

Shares of Stryker Corp. (SYK) fell by 2.18% or $-1.09/share to $48.93. In the past year, the shares have traded as low as $43.57 and as high as $64.58. On average, 2849410 shares of SYK exchange hands on a given day and today's volume is recorded at 290828. 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 $56.18 represents resistance and the 50-day moving average of $47.65 would be an area of support. The stock has insider ownership of 0.26%.

Shares of Google Inc. (GOOG) fell by 1.24% or $-7.34/share to $584.37. In the past year, the shares have traded as low as $473.02 and as high as $642.94. On average, 3913840 shares of GOOG exchange hands on a given day and today's volume is recorded at 1478506. 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 $559.15 area. The stock has insider ownership of 0.11%.

Shares of Morningstar Inc. (MORN) fell by 2.41% or $-1.44/share to $58.39. In the past year, the shares have traded as low as $45.39 and as high as $63.90. On average, 83790 shares of MORN exchange hands on a given day and today's volume is recorded at 13231. 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 $57.71 area. The stock has insider ownership of 1.95%.