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Thursday, March 22, 2012

Insider Ownership Increasing: (WWE), (SWHC), (WPC), (VVC), (ONB)

Shares of World Wrestling Entertainment Inc. (WWE) fell by 0.34% or $-0.03/share to $8.75. In the past year, the shares have traded as low as $8.35 and as high as $12.28. On average, 185140 shares of WWE exchange hands on a given day and today's volume is recorded at 55173. 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 $9.28 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.66%.

Shares of Smith & Wesson Holding Corporation (SWHC) traded higher by 11.45% or $0.79/share to $7.69. In the past year, the shares have traded as low as $2.29 and as high as $7.09. On average, 931930 shares of SWHC exchange hands on a given day and today's volume is recorded at 2798048. 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 $5.45 area where the stock will likely see buying pressure. The stock has insider ownership of 0.52%.

Shares of W. P. Carey & Co. LLC (WPC) fell by 0.15% or $-0.07/share to $46.23. In the past year, the shares have traded as low as $31.87 and as high as $49.40. On average, 49160 shares of WPC exchange hands on a given day and today's volume is recorded at 7163. 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 $44.68 area where the stock will likely see buying pressure. The stock has insider ownership of 23.45%.

Shares of Vectren Corporation (VVC) fell by 0.85% or $-0.25/share to $28.66. In the past year, the shares have traded as low as $22.76 and as high as $30.32. On average, 393310 shares of VVC exchange hands on a given day and today's volume is recorded at 104110. 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 $28.97 represents resistance and the 200-day moving average of $27.52 would be an area of support. The stock has insider ownership of 0.2%.

Shares of Old National Bancorp. (ONB) fell by 1.35% or $-0.17/share to $12.77. In the past year, the shares have traded as low as $8.49 and as high as $13.22. On average, 552480 shares of ONB exchange hands on a given day and today's volume is recorded at 244551. 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 $12.20 area where the stock will likely see buying pressure. The stock has insider ownership of 14.25%.