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Wednesday, December 7, 2011

Insider Buying In These Names: (CELG), (UTHR), (LNCE), (ARQL), (BBY)

Shares of Celgene Corporation (CELG) traded higher by 0.5% or $0.31/share to $62.52. In the past year, the shares have traded as low as $48.92 and as high as $68.25. On average, 3781820 shares of CELG exchange hands on a given day and today's volume is recorded at 1077155. 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 $63.95 represents resistance and the 200-day moving average of $59.46 would be an area of support. The stock has insider ownership of 0.13%.

Shares of United Therapeutics Corporation (UTHR) fell by 1.47% or $-0.62/share to $41.65. In the past year, the shares have traded as low as $36.55 and as high as $70.74. On average, 1360680 shares of UTHR exchange hands on a given day and today's volume is recorded at 477002. 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 $53.86 represents resistance and the 50-day moving average of $40.57 would be an area of support. The stock has insider ownership of 9.09%.

Shares of Snyder's-Lance, Inc. (LNCE) traded higher by 0.82% or $0.17/share to $20.96. In the past year, the shares have traded as low as $16.66 and as high as $23.49. On average, 225460 shares of LNCE exchange hands on a given day and today's volume is recorded at 63628. 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 $20.36 area where the stock will likely see buying pressure. The stock has insider ownership of 0.83%.

Shares of ArQule Inc. (ARQL) fell by 2.02% or $-0.12/share to $5.84. In the past year, the shares have traded as low as $3.98 and as high as $7.83. On average, 279190 shares of ARQL exchange hands on a given day and today's volume is recorded at 71876. 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 $5.92 represents resistance and the 50-day moving average of $5.50 would be an area of support. The stock has insider ownership of 0.65%.

Shares of Best Buy Co. Inc. (BBY) fell by 0.11% or $-0.03/share to $28.1. In the past year, the shares have traded as low as $21.79 and as high as $42.22. On average, 6838450 shares of BBY exchange hands on a given day and today's volume is recorded at 2998160. 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 $28.13 represents resistance and the 50-day moving average of $26.10 would be an area of support. The stock has insider ownership of 0.18%.