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Friday, December 9, 2011

Stocks Having Recent Insider Buying: (DNP), (TEX), (VMW), (SQNM), (OPK)

Shares of DNP Select Income Fund Inc. (DNP) fell by 0.33% or $-0.04/share to $10.96. In the past year, the shares have traded as low as $8.30 and as high as $11.00. On average, 380600 shares of DNP exchange hands on a given day and today's volume is recorded at 203449. 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 $10.41 area where the stock will likely see buying pressure. The stock has insider ownership of 0.15%.

Shares of Terex Corp. (TEX) traded higher by 3.24% or $0.50/share to $15.96. In the past year, the shares have traded as low as $9.30 and as high as $38.49. On average, 3829090 shares of TEX exchange hands on a given day and today's volume is recorded at 924570. 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 $23.34 represents resistance and the 50-day moving average of $14.53 would be an area of support. The stock has insider ownership of 2.57%.

Shares of VMware, Inc. (VMW) traded higher by 1.33% or $1.26/share to $96.3. In the past year, the shares have traded as low as $74.04 and as high as $111.43. On average, 1881070 shares of VMW exchange hands on a given day and today's volume is recorded at 399693. 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 $94.26 area where the stock will likely see buying pressure. The stock has insider ownership of 31.04%.

Shares of Sequenom Inc. (SQNM) traded higher by 2.92% or $0.10/share to $3.69. In the past year, the shares have traded as low as $3.57 and as high as $8.70. On average, 2384940 shares of SQNM exchange hands on a given day and today's volume is recorded at 782834. 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 $4.54 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.34%.

Shares of Opko Health, Inc. (OPK) traded higher by 1.05% or $0.05/share to $4.83. In the past year, the shares have traded as low as $3.15 and as high as $5.85. On average, 1794360 shares of OPK exchange hands on a given day and today's volume is recorded at 497530. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $5.02 represents resistance and the 200-day moving average of $4.18 would be an area of support. The stock has insider ownership of 7.65%.