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Monday, December 5, 2011

Insider Selling In These Stocks: (FMER), (FLS), (TCBI), (TGI), (BCPC)

Shares of FirstMerit Corporation (FMER) traded higher by 1.8% or $0.26/share to $14.73. In the past year, the shares have traded as low as $9.86 and as high as $19.59. On average, 1131340 shares of FMER exchange hands on a given day and today's volume is recorded at 111306. 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 $14.55 area. The stock has insider ownership of 0.19%.

Shares of Flowserve Corp. (FLS) traded higher by 3.18% or $3.24/share to $105.25. In the past year, the shares have traded as low as $66.84 and as high as $134.78. On average, 669300 shares of FLS exchange hands on a given day and today's volume is recorded at 95591. 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 $104.83 area. The stock has insider ownership of 0.18%.

Shares of Texas Capital BancShares Inc. (TCBI) traded higher by 2.27% or $0.66/share to $29.74. In the past year, the shares have traded as low as $19.86 and as high as $29.48. On average, 334640 shares of TCBI exchange hands on a given day and today's volume is recorded at 129157. 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 $26.34 area where the stock will likely see buying pressure. The stock has insider ownership of 2.17%.

Shares of Triumph Group, Inc. (TGI) traded higher by 0.64% or $0.37/share to $58.5. In the past year, the shares have traded as low as $39.77 and as high as $59.75. On average, 597960 shares of TGI exchange hands on a given day and today's volume is recorded at 48326. 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 $53.59 area where the stock will likely see buying pressure. The stock has insider ownership of 0.36%.

Shares of Balchem Corp. (BCPC) traded higher by 1.33% or $0.55/share to $42.01. In the past year, the shares have traded as low as $31.04 and as high as $47.23. On average, 168920 shares of BCPC exchange hands on a given day and today's volume is recorded at 30549. 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 $39.11 area. The stock has insider ownership of 0.17%.