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Wednesday, October 19, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (CVLT), (EFII), (CCOI), (SMSC), (V)

Shares of CommVault Systems, Inc. (CVLT) fell by 0.96% or $-0.40/share to $41.27. In the past year, the shares have traded as low as $25.67 and as high as $47.56. On average, 721240 shares of CVLT exchange hands on a given day and today's volume is recorded at 33537. 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 $37.40 area. The stock has insider ownership of 7.1%.

Shares of Electronics for Imaging, Inc. (EFII) fell by 1.23% or $-0.19/share to $15.29. In the past year, the shares have traded as low as $12.64 and as high as $19.17. On average, 275070 shares of EFII exchange hands on a given day and today's volume is recorded at 8329. 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 $15.67 represents resistance and the 50-day moving average of $14.24 would be an area of support. The stock has insider ownership of 0.69%.

Shares of Cogent Communications Group Inc. (CCOI) fell by 0.39% or $-0.06/share to $15.13. In the past year, the shares have traded as low as $10.28 and as high as $17.99. On average, 345220 shares of CCOI exchange hands on a given day and today's volume is recorded at 19817. 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 $14.55 area. The stock has insider ownership of 0.85%.

Shares of Standard Microsystems Corp. (SMSC) fell by 1.5% or $-0.34/share to $22.3. In the past year, the shares have traded as low as $17.98 and as high as $30.40. On average, 156020 shares of SMSC exchange hands on a given day and today's volume is recorded at 7300. 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 $23.95 represents resistance and the 50-day moving average of $20.59 would be an area of support. The stock has insider ownership of 1.55%.

Shares of Visa, Inc. (V) fell by 0.84% or $-0.79/share to $93.12. In the past year, the shares have traded as low as $66.12 and as high as $94.75. On average, 5761980 shares of V exchange hands on a given day and today's volume is recorded at 554370. 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 $87.17 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.