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Wednesday, December 28, 2011

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (IN), (NKE), (CIEN), (GCI), (BOKF)

Shares of Intermec, Inc. (IN) traded higher by 0.29% or $0.02/share to $6.87. In the past year, the shares have traded as low as $5.87 and as high as $13.05. On average, 299240 shares of IN exchange hands on a given day and today's volume is recorded at 24737. 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 $7.37 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 10.45%.

Shares of Nike Inc. (NKE) fell by 0.44% or $-0.43/share to $97.34. In the past year, the shares have traded as low as $68.67 and as high as $98.25. On average, 2662460 shares of NKE exchange hands on a given day and today's volume is recorded at 226201. 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 $94.22 area where the stock will likely see buying pressure. The stock has insider ownership of 0.23%.

Shares of CIENA Corp. (CIEN) fell by 1.16% or $-0.14/share to $11.89. In the past year, the shares have traded as low as $9.89 and as high as $29.24. On average, 5548960 shares of CIEN exchange hands on a given day and today's volume is recorded at 239745. 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 $12.32 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.89%.

Shares of Gannett Co., Inc. (GCI) fell by 0.89% or $-0.12/share to $13.42. In the past year, the shares have traded as low as $8.23 and as high as $18.56. On average, 4728610 shares of GCI exchange hands on a given day and today's volume is recorded at 112706. 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 $12.50 area. The stock has insider ownership of 0.05%.

Shares of BOK Financial Corporation (BOKF) fell by 0.7% or $-0.39/share to $55.48. In the past year, the shares have traded as low as $43.50 and as high as $56.47. On average, 121100 shares of BOKF exchange hands on a given day and today's volume is recorded at 8466. 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 $52.81 area where the stock will likely see buying pressure. The stock has insider ownership of 0.25%.