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Tuesday, October 18, 2011

Recent Insider Selling Detected: (EGOV), (KBR), (PAYX), (V), (REGN)

Shares of NIC Inc. (EGOV) remained unchanged at $11.86. In the past year, the shares have traded as low as $8.01 and as high as $13.80. On average, 270100 shares of EGOV exchange hands on a given day and today's volume is recorded at 33299. 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 $11.71 area. The stock has insider ownership of 3.4%.

Shares of KBR, Inc. (KBR) traded higher by 1.1% or $0.30/share to $27.56. In the past year, the shares have traded as low as $20.86 and as high as $39.27. On average, 1564940 shares of KBR exchange hands on a given day and today's volume is recorded at 195717. 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 $33.14 represents resistance and the 50-day moving average of $27.30 would be an area of support. The stock has insider ownership of 0.17%.

Shares of Paychex Inc. (PAYX) traded higher by 0.32% or $0.09/share to $28.15. In the past year, the shares have traded as low as $25.12 and as high as $33.24. On average, 3956470 shares of PAYX exchange hands on a given day and today's volume is recorded at 570788. 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 $29.98 represents resistance and the 50-day moving average of $26.62 would be an area of support. The stock has insider ownership of 10.47%.

Shares of Visa, Inc. (V) traded higher by 0.55% or $0.50/share to $91.69. In the past year, the shares have traded as low as $66.12 and as high as $94.75. On average, 5758580 shares of V exchange hands on a given day and today's volume is recorded at 660506. 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 $86.87 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.

Shares of Regeneron Pharmaceuticals, Inc. (REGN) fell by 7.23% or $-4.67/share to $59.96. In the past year, the shares have traded as low as $24.29 and as high as $79.90. On average, 1314880 shares of REGN exchange hands on a given day and today's volume is recorded at 2164008. 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 $60.50 represents resistance and the 200-day moving average of $50.04 would be an area of support. The stock has insider ownership of 0.61%.