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Tuesday, April 24, 2012

Insider Ownership Increasing: (HBAN), (AYI), (TEX), (FGP), (CVBF)

Shares of Huntington Bancshares Incorporated (HBAN) traded higher by 1.94% or $0.12/share to $6.55. In the past year, the shares have traded as low as $4.36 and as high as $6.71. On average, 13368800 shares of HBAN exchange hands on a given day and today's volume is recorded at 10264009. 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 $6.15 area where the stock will likely see buying pressure. The stock has insider ownership of 0.53%.

Shares of Acuity Brands, Inc. (AYI) traded higher by 2.27% or $1.22/share to $54.86. In the past year, the shares have traded as low as $32.88 and as high as $64.67. On average, 342150 shares of AYI exchange hands on a given day and today's volume is recorded at 184980. 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 $60.33 represents resistance and the 200-day moving average of $50.79 would be an area of support. The stock has insider ownership of 1.03%.

Shares of Terex Corp. (TEX) traded higher by 3.36% or $0.79/share to $24.33. In the past year, the shares have traded as low as $9.30 and as high as $35.71. On average, 3997040 shares of TEX exchange hands on a given day and today's volume is recorded at 1894847. 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 $23.94 area where the stock will likely see buying pressure. The stock has insider ownership of 2.96%.

Shares of Ferrellgas Partners LP (FGP) traded higher by 5.5% or $0.80/share to $15.35. In the past year, the shares have traded as low as $9.71 and as high as $24.27. On average, 454020 shares of FGP exchange hands on a given day and today's volume is recorded at 234238. 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 $15.81 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.08%.

Shares of CVB Financial Corp. (CVBF) traded higher by 2.44% or $0.28/share to $11.74. In the past year, the shares have traded as low as $7.17 and as high as $11.88. On average, 836950 shares of CVBF exchange hands on a given day and today's volume is recorded at 364527. 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 $11.19 area where the stock will likely see buying pressure. The stock has insider ownership of 0.36%.