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Monday, November 7, 2011

Insider Ownership Increasing: (GSK), (RNST), (BDN), (MYE), (ED)

Shares of GlaxoSmithKline plc (GSK) fell by 0.95% or $-0.42/share to $44.01. In the past year, the shares have traded as low as $34.43 and as high as $45.12. On average, 3607350 shares of GSK exchange hands on a given day and today's volume is recorded at 1449430. 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 $42.10 area where the stock will likely see buying pressure. The stock has insider ownership of -999.99%.

Shares of Renasant Corp. (RNST) fell by 1.15% or $-0.17/share to $14.62. In the past year, the shares have traded as low as $11.64 and as high as $17.27. On average, 94390 shares of RNST exchange hands on a given day and today's volume is recorded at 8215. 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 $14.61 area. The stock has insider ownership of 0.11%.

Shares of Brandywine Realty Trust (BDN) traded higher by 0.11% or $0.01/share to $9.32. In the past year, the shares have traded as low as $6.77 and as high as $12.43. On average, 2609590 shares of BDN exchange hands on a given day and today's volume is recorded at 530026. 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 $10.58 represents resistance and the 50-day moving average of $8.44 would be an area of support. The stock has insider ownership of 1.07%.

Shares of Myers Industries Inc. (MYE) fell by 1.71% or $-0.22/share to $12.61. In the past year, the shares have traded as low as $8.51 and as high as $12.86. On average, 197590 shares of MYE exchange hands on a given day and today's volume is recorded at 38527. 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 $11.13 area where the stock will likely see buying pressure. The stock has insider ownership of 0.61%.

Shares of Consolidated Edison Inc. (ED) fell by 0.29% or $-0.17/share to $58.39. In the past year, the shares have traded as low as $45.90 and as high as $59.89. On average, 2900020 shares of ED exchange hands on a given day and today's volume is recorded at 609392. 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 $57.08 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.