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Friday, April 27, 2012

Recent Insider Selling Detected: (QCOM), (EGP), (EXLS), (SPW), (TEG)

Shares of QUALCOMM Incorporated (QCOM) traded higher by 0.37% or $0.24/share to $64.14. In the past year, the shares have traded as low as $45.44 and as high as $68.86. On average, 13432220 shares of QCOM exchange hands on a given day and today's volume is recorded at 1900234. 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 $64.85 represents resistance and the 200-day moving average of $56.41 would be an area of support. The stock has insider ownership of 0.02%.

Shares of EastGroup Properties Inc. (EGP) fell by 0.43% or $-0.22/share to $50.37. In the past year, the shares have traded as low as $33.34 and as high as $51.88. On average, 222270 shares of EGP exchange hands on a given day and today's volume is recorded at 23240. 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 $49.19 area where the stock will likely see buying pressure. The stock has insider ownership of 2.85%.

Shares of Exlservice Holdings, Inc. (EXLS) traded higher by 0.83% or $0.23/share to $27.89. In the past year, the shares have traded as low as $19.67 and as high as $28.85. On average, 149420 shares of EXLS exchange hands on a given day and today's volume is recorded at 24409. 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 $27.23 area where the stock will likely see buying pressure. The stock has insider ownership of 22.8%.

Shares of SPX Corporation (SPW) traded higher by 0.72% or $0.55/share to $76.42. In the past year, the shares have traded as low as $40.37 and as high as $85.80. On average, 584290 shares of SPW exchange hands on a given day and today's volume is recorded at 115037. 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 $75.70 area where the stock will likely see buying pressure. The stock has insider ownership of 2.33%.

Shares of Integrys Energy Group, Inc. (TEG) traded higher by 0.02% or $0.01/share to $54.23. In the past year, the shares have traded as low as $41.06 and as high as $54.32. On average, 479810 shares of TEG exchange hands on a given day and today's volume is recorded at 40786. 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 $52.89 area where the stock will likely see buying pressure. The stock has insider ownership of 0.11%.