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Monday, October 10, 2011

Recent Insider Selling Detected: (PRGS), (FINL), (IDXX), (AMLN), (RDEA)

Shares of Progress Software Corp. (PRGS) traded higher by 3.11% or $0.60/share to $19.88. In the past year, the shares have traded as low as $16.71 and as high as $31.47. On average, 610970 shares of PRGS exchange hands on a given day and today's volume is recorded at 75495. 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 $25.70 represents resistance and the 50-day moving average of $19.83 would be an area of support. The stock has insider ownership of 0.95%.

Shares of Finish Line Inc. (FINL) traded higher by 3.1% or $0.63/share to $20.97. In the past year, the shares have traded as low as $14.37 and as high as $23.58. On average, 918840 shares of FINL exchange hands on a given day and today's volume is recorded at 108707. 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 $19.60 area where the stock will likely see buying pressure. The stock has insider ownership of 0.76%.

Shares of IDEXX Laboratories, Inc. (IDXX) traded higher by 1.42% or $0.99/share to $70.6. In the past year, the shares have traded as low as $59.65 and as high as $87.29. On average, 419270 shares of IDXX exchange hands on a given day and today's volume is recorded at 88370. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $74.73 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.02%.

Shares of Amylin Pharmaceuticals, Inc. (AMLN) traded higher by 5.07% or $0.49/share to $10.15. In the past year, the shares have traded as low as $8.03 and as high as $21.71. On average, 1962330 shares of AMLN exchange hands on a given day and today's volume is recorded at 277140. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.35 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.21%.

Shares of Ardea Biosciences, Inc. (RDEA) traded higher by 2.57% or $0.39/share to $15.55. In the past year, the shares have traded as low as $13.15 and as high as $30.61. On average, 126340 shares of RDEA exchange hands on a given day and today's volume is recorded at 4034. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $16.22 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.39%.