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Friday, February 24, 2012

Insider Ownership Increasing: (RLI), (PGNX), (FCF), (GILD), (ORLY)

Shares of RLI Corp. (RLI) traded higher by 0.68% or $0.48/share to $71.58. In the past year, the shares have traded as low as $49.15 and as high as $75.03. On average, 106590 shares of RLI exchange hands on a given day and today's volume is recorded at 18773. 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 $72.63 represents resistance and the 200-day moving average of $62.74 would be an area of support. The stock has insider ownership of 2.21%.

Shares of Progenics Pharmaceuticals Inc. (PGNX) traded higher by 1.0% or $0.10/share to $10.12. In the past year, the shares have traded as low as $4.50 and as high as $10.50. On average, 211740 shares of PGNX exchange hands on a given day and today's volume is recorded at 16722. 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 $9.01 area where the stock will likely see buying pressure. The stock has insider ownership of 0.5%.

Shares of First Commonwealth Financial Corp. (FCF) fell by 0.16% or $-0.01/share to $6.07. In the past year, the shares have traded as low as $3.42 and as high as $6.84. On average, 632920 shares of FCF exchange hands on a given day and today's volume is recorded at 149580. 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 $5.59 area where the stock will likely see buying pressure. The stock has insider ownership of 0.19%.

Shares of Gilead Sciences Inc. (GILD) fell by 0.47% or $-0.21/share to $44.94. In the past year, the shares have traded as low as $34.45 and as high as $56.50. On average, 10772760 shares of GILD exchange hands on a given day and today's volume is recorded at 3284951. 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 $45.78 represents resistance and the 200-day moving average of $41.53 would be an area of support. The stock has insider ownership of 0.56%.

Shares of O'Reilly Automotive Inc. (ORLY) traded higher by 0.05% or $0.04/share to $86.44. In the past year, the shares have traded as low as $53.33 and as high as $86.59. On average, 946310 shares of ORLY exchange hands on a given day and today's volume is recorded at 458014. 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 $81.87 area where the stock will likely see buying pressure. The stock has insider ownership of 1.56%.