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Friday, October 14, 2011

Recent Insider Selling Detected: (MAR), (AVB), (CBS), (CTSH), (N)

Shares of Marriott International, Inc. (MAR) traded higher by 0.73% or $0.22/share to $30.37. In the past year, the shares have traded as low as $25.49 and as high as $42.42. On average, 6311280 shares of MAR exchange hands on a given day and today's volume is recorded at 221280. 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 $34.57 represents resistance and the 50-day moving average of $27.99 would be an area of support. The stock has insider ownership of 6.79%.

Shares of Avalonbay Communities Inc. (AVB) traded higher by 1.68% or $2.00/share to $121.13. In the past year, the shares have traded as low as $100.46 and as high as $138.88. On average, 1286310 shares of AVB exchange hands on a given day and today's volume is recorded at 64578. 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 $121.95 area where the stock may encounter resistance. The stock has insider ownership of 1.02%.

Shares of CBS Corporation (CBS) traded higher by 2.13% or $0.50/share to $24.0. In the past year, the shares have traded as low as $15.79 and as high as $29.55. On average, 11332480 shares of CBS exchange hands on a given day and today's volume is recorded at 1535263. 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 $24.04 represents resistance and the 50-day moving average of $22.90 would be an area of support. The stock has insider ownership of 0.12%.

Shares of Cognizant Technology Solutions Corp. (CTSH) traded higher by 1.28% or $0.91/share to $71.93. In the past year, the shares have traded as low as $53.54 and as high as $83.48. On average, 3663800 shares of CTSH exchange hands on a given day and today's volume is recorded at 337773. 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 $63.21 would be an area of support. The stock has insider ownership of 0.41%.

Shares of NetSuite Inc. (N) traded higher by 1.63% or $0.54/share to $33.63. In the past year, the shares have traded as low as $19.24 and as high as $42.81. On average, 563340 shares of N exchange hands on a given day and today's volume is recorded at 31092. 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 $31.97 area. The stock has insider ownership of 7.08%.