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Friday, April 27, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (CNC), (IIVI), (MAR), (IDXX), (WABC)

Shares of Centene Corp. (CNC) fell by 3.18% or $-1.34/share to $40.83. In the past year, the shares have traded as low as $25.28 and as high as $50.98. On average, 761470 shares of CNC exchange hands on a given day and today's volume is recorded at 372156. 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 $46.34 represents resistance and the 200-day moving average of $38.03 would be an area of support. The stock has insider ownership of 5.89%.

Shares of II-VI Inc. (IIVI) fell by 0.39% or $-0.08/share to $20.65. In the past year, the shares have traded as low as $15.80 and as high as $29.65. On average, 259040 shares of IIVI exchange hands on a given day and today's volume is recorded at 31159. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $20.82 area where the stock may encounter resistance. The stock has insider ownership of 7.13%.

Shares of Marriott International, Inc. (MAR) fell by 0.23% or $-0.09/share to $39.68. In the past year, the shares have traded as low as $25.32 and as high as $39.89. On average, 3569970 shares of MAR exchange hands on a given day and today's volume is recorded at 665583. 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 $37.13 area where the stock will likely see buying pressure. The stock has insider ownership of 6.73%.

Shares of IDEXX Laboratories, Inc. (IDXX) traded higher by 0.64% or $0.56/share to $87.39. In the past year, the shares have traded as low as $63.83 and as high as $89.50. On average, 268320 shares of IDXX exchange hands on a given day and today's volume is recorded at 35467. 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 $85.95 area where the stock will likely see buying pressure. The stock has insider ownership of 1.1%.

Shares of Westamerica Bancorp. (WABC) fell by 0.6% or $-0.28/share to $46.15. In the past year, the shares have traded as low as $35.73 and as high as $49.68. On average, 145520 shares of WABC exchange hands on a given day and today's volume is recorded at 27139. 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 $47.45 represents resistance and the 200-day moving average of $43.94 would be an area of support. The stock has insider ownership of 0.19%.