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Friday, December 2, 2011

Recent Insider Buying Detected: (RRGB), (INCY), (FBP), (CFNL), (CMLS)

Shares of Red Robin Gourmet Burgers Inc. (RRGB) traded higher by 2.73% or $0.74/share to $27.89. In the past year, the shares have traded as low as $18.60 and as high as $39.32. On average, 265460 shares of RRGB exchange hands on a given day and today's volume is recorded at 109923. 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 $29.04 represents resistance and the 50-day moving average of $24.98 would be an area of support. The stock has insider ownership of 1.89%.

Shares of Incyte Corporation (INCY) fell by 1.59% or $-0.23/share to $14.21. In the past year, the shares have traded as low as $11.76 and as high as $21.15. On average, 1967990 shares of INCY exchange hands on a given day and today's volume is recorded at 1171927. 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 $15.94 represents resistance and the 50-day moving average of $13.80 would be an area of support. The stock has insider ownership of 0.67%.

Shares of First Bancorp (FBP) traded higher by 3.66% or $0.13/share to $3.68. In the past year, the shares have traded as low as $2.50 and as high as $7.95. On average, 98910 shares of FBP exchange hands on a given day and today's volume is recorded at 26293. 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 $4.00 represents resistance and the 50-day moving average of $3.24 would be an area of support. The stock has insider ownership of 0.07%.

Shares of Cardinal Financial Corp. (CFNL) traded higher by 1.69% or $0.18/share to $10.84. In the past year, the shares have traded as low as $8.07 and as high as $12.02. On average, 112190 shares of CFNL exchange hands on a given day and today's volume is recorded at 33950. 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 $10.47 area. The stock has insider ownership of 0.97%.

Shares of Cumulus Media Inc. (CMLS) traded higher by 3.99% or $0.12/share to $3.13. In the past year, the shares have traded as low as $2.18 and as high as $5.78. On average, 806860 shares of CMLS exchange hands on a given day and today's volume is recorded at 43801. 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 $3.54 represents resistance and the 50-day moving average of $2.86 would be an area of support. The stock has insider ownership of 0.02%.