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Friday, April 13, 2012

A Bullish Sign - Insider Buying: (CODI), (FUN), (ED), (IRETP), (ATU)

Shares of Compass Diversified Holdings (CODI) fell by 1.68% or $-0.25/share to $14.65. In the past year, the shares have traded as low as $10.65 and as high as $16.13. On average, 205750 shares of CODI exchange hands on a given day and today's volume is recorded at 56995. 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 $14.81 represents resistance and the 200-day moving average of $13.39 would be an area of support. The stock has insider ownership of 0.33%.

Shares of Cedar Fair, L.P. (FUN) traded higher by 1.73% or $0.50/share to $29.47. In the past year, the shares have traded as low as $15.62 and as high as $29.98. On average, 218420 shares of FUN exchange hands on a given day and today's volume is recorded at 122411. 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 $28.33 area where the stock will likely see buying pressure. The stock has insider ownership of 2.81%.

Shares of Consolidated Edison Inc. (ED) traded higher by 0.67% or $0.39/share to $58.26. In the past year, the shares have traded as low as $47.64 and as high as $62.10. On average, 1800050 shares of ED exchange hands on a given day and today's volume is recorded at 832082. 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 $58.11 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.

Shares of Investors Real Estate Trust (IRETP) traded higher by 0.16% or $0.04/share to $25.57. In the past year, the shares have traded as low as $23.48 and as high as $26.96. On average, 720 shares of IRETP exchange hands on a given day and today's volume is recorded at 1000. 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 $25.97 represents resistance and the 200-day moving average of $25.42 would be an area of support. The stock has insider ownership of -999.99%.

Shares of Actuant Corporation (ATU) fell by 0.63% or $-0.18/share to $28.32. In the past year, the shares have traded as low as $17.43 and as high as $29.97. On average, 697470 shares of ATU exchange hands on a given day and today's volume is recorded at 214186. 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 $28.31 area where the stock will likely see buying pressure. The stock has insider ownership of 1.2%.