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Friday, December 16, 2011

Recent Insider Selling Detected: (GR), (INHX), (CRM), (ICE), (CBST)

Shares of Goodrich Corp. (GR) traded higher by 0.03% or $0.04/share to $122.79. In the past year, the shares have traded as low as $79.00 and as high as $123.25. On average, 3828190 shares of GR exchange hands on a given day and today's volume is recorded at 252803. 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 $122.07 area where the stock will likely see buying pressure. The stock has insider ownership of 0.03%.

Shares of Inhibitex, Inc. (INHX) fell by 23.25% or $-3.02/share to $9.97. In the past year, the shares have traded as low as $2.15 and as high as $16.49. On average, 2327510 shares of INHX exchange hands on a given day and today's volume is recorded at 11950480. 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 $8.35 area where the stock will likely see buying pressure. The stock has insider ownership of 0.87%.

Shares of Salesforce.com (CRM) traded higher by 1.75% or $1.87/share to $108.58. In the past year, the shares have traded as low as $103.38 and as high as $160.12. On average, 3118640 shares of CRM exchange hands on a given day and today's volume is recorded at 1138561. 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 $124.12 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.7%.

Shares of IntercontinentalExchange, Inc. (ICE) traded higher by 1.19% or $1.39/share to $118.51. In the past year, the shares have traded as low as $102.56 and as high as $135.38. On average, 748170 shares of ICE exchange hands on a given day and today's volume is recorded at 132973. 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 $121.09 area where the stock may encounter resistance. The stock has insider ownership of 0.58%.

Shares of Cubist Pharmaceuticals Inc. (CBST) traded higher by 3.03% or $1.14/share to $38.73. In the past year, the shares have traded as low as $20.95 and as high as $40.49. On average, 1142830 shares of CBST exchange hands on a given day and today's volume is recorded at 246042. 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 $37.27 area where the stock will likely see buying pressure. The stock has insider ownership of 0.37%.