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Wednesday, April 25, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (KNX), (LF), (SCHW), (PNC), (N)

Shares of Knight Transportation Inc. (KNX) traded higher by 0.6% or $0.10/share to $16.73. In the past year, the shares have traded as low as $12.53 and as high as $18.88. On average, 599160 shares of KNX exchange hands on a given day and today's volume is recorded at 242300. 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 $17.52 represents resistance and the 200-day moving average of $15.75 would be an area of support. The stock has insider ownership of 20.11%.

Shares of LeapFrog Enterprises Inc. (LF) traded higher by 3.51% or $0.31/share to $9.13. In the past year, the shares have traded as low as $2.57 and as high as $8.83. On average, 817330 shares of LF exchange hands on a given day and today's volume is recorded at 448204. 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 $7.78 area where the stock will likely see buying pressure. The stock has insider ownership of 6.14%.

Shares of The Charles Schwab Corporation (SCHW) fell by 0.29% or $-0.04/share to $13.81. In the past year, the shares have traded as low as $10.46 and as high as $18.36. On average, 15813300 shares of SCHW exchange hands on a given day and today's volume is recorded at 5581299. 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 $14.03 represents resistance and the 200-day moving average of $12.68 would be an area of support. The stock has insider ownership of 0.48%.

Shares of PNC Financial Services Group Inc. (PNC) fell by 0.06% or $-0.04/share to $65.53. In the past year, the shares have traded as low as $41.90 and as high as $65.61. On average, 3468900 shares of PNC exchange hands on a given day and today's volume is recorded at 844351. 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 $61.58 area where the stock will likely see buying pressure. The stock has insider ownership of 0.17%.

Shares of NetSuite Inc. (N) traded higher by 3.44% or $1.59/share to $47.76. In the past year, the shares have traded as low as $25.32 and as high as $51.78. On average, 356910 shares of N exchange hands on a given day and today's volume is recorded at 74127. 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 $48.34 represents resistance and the 200-day moving average of $40.21 would be an area of support. The stock has insider ownership of 6.72%.