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Friday, December 9, 2011

Recent Insider Buying Detected: (D), (WMGI), (TRC), (HPQ), (TQNT)

Shares of Dominion Resources, Inc. (D) traded higher by 0.59% or $0.30/share to $50.44. In the past year, the shares have traded as low as $39.67 and as high as $52.17. On average, 2919060 shares of D exchange hands on a given day and today's volume is recorded at 831704. 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 $50.43 area where the stock will likely see buying pressure. The stock has insider ownership of 0.21%.

Shares of Wright Medical Group Inc. (WMGI) traded higher by 2.23% or $0.33/share to $15.14. In the past year, the shares have traded as low as $13.37 and as high as $19.05. On average, 752110 shares of WMGI exchange hands on a given day and today's volume is recorded at 127334. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $15.69 area where the stock may encounter resistance. The stock has insider ownership of 0.15%.

Shares of Tejon Ranch Co. (TRC) traded higher by 5.38% or $1.27/share to $24.86. In the past year, the shares have traded as low as $22.80 and as high as $37.70. On average, 72580 shares of TRC exchange hands on a given day and today's volume is recorded at 34066. 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 $30.21 represents resistance and the 50-day moving average of $24.55 would be an area of support. The stock has insider ownership of 10.51%.

Shares of Hewlett-Packard Company (HPQ) traded higher by 2.21% or $0.61/share to $28.27. In the past year, the shares have traded as low as $21.50 and as high as $48.87. On average, 24723280 shares of HPQ exchange hands on a given day and today's volume is recorded at 8386042. 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 $32.85 represents resistance and the 50-day moving average of $26.27 would be an area of support. The stock has insider ownership of 0.02%.

Shares of TriQuint Semiconductor, Inc. (TQNT) traded higher by 1.5% or $0.07/share to $4.75. In the past year, the shares have traded as low as $3.97 and as high as $15.20. On average, 6613610 shares of TQNT exchange hands on a given day and today's volume is recorded at 2622049. 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 $5.41 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.16%.