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Friday, November 11, 2011

Insider Selling In These Stocks: (ALGN), (TCB), (STX), (CVS), (MDAS)

Shares of Align Technology Inc. (ALGN) traded higher by 2.22% or $0.49/share to $22.53. In the past year, the shares have traded as low as $14.25 and as high as $25.94. On average, 678640 shares of ALGN exchange hands on a given day and today's volume is recorded at 19656. 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 $20.76 area. The stock has insider ownership of 0.2%.

Shares of TCF Financial Corporation (TCB) traded higher by 1.51% or $0.16/share to $10.75. In the past year, the shares have traded as low as $8.57 and as high as $17.16. On average, 1883960 shares of TCB exchange hands on a given day and today's volume is recorded at 20336. 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 $13.14 represents resistance and the 50-day moving average of $10.09 would be an area of support. The stock has insider ownership of 1.36%.

Shares of Seagate Technology PLC (STX) traded higher by 0.8% or $0.14/share to $17.65. In the past year, the shares have traded as low as $8.95 and as high as $18.60. On average, 10284870 shares of STX exchange hands on a given day and today's volume is recorded at 1576210. 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 $13.95 area. The stock has insider ownership of 1.49%.

Shares of CVS Caremark Corporation (CVS) traded higher by 1.79% or $0.69/share to $39.19. In the past year, the shares have traded as low as $29.04 and as high as $39.23. On average, 11039980 shares of CVS exchange hands on a given day and today's volume is recorded at 638632. 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 $35.54 area where the stock will likely see buying pressure. The stock has insider ownership of 0.08%.

Shares of MedAssets, Inc. (MDAS) fell by 4.52% or $-0.54/share to $11.41. In the past year, the shares have traded as low as $8.52 and as high as $21.44. On average, 613360 shares of MDAS exchange hands on a given day and today's volume is recorded at 187621. 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 $13.60 represents resistance and the 50-day moving average of $10.26 would be an area of support. The stock has insider ownership of 3.76%.