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Wednesday, May 2, 2012

A Bullish Sign - Insider Buying: (DCOM), (FAF), (RAS), (DAN), (CME)

Shares of Dime Community Bancshares Inc. (DCOM) fell by 0.59% or $-0.08/share to $13.47. In the past year, the shares have traded as low as $9.40 and as high as $15.01. On average, 101170 shares of DCOM exchange hands on a given day and today's volume is recorded at 42060. 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 $14.20 represents resistance and the 200-day moving average of $12.57 would be an area of support. The stock has insider ownership of 4.07%.

Shares of First American Financial Corporation (FAF) traded higher by 0.18% or $0.03/share to $16.92. In the past year, the shares have traded as low as $10.41 and as high as $17.91. On average, 620510 shares of FAF exchange hands on a given day and today's volume is recorded at 353184. 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 $16.23 area where the stock will likely see buying pressure. The stock has insider ownership of 1.68%.

Shares of RAIT Financial Trust (RAS) traded higher by 0.21% or $0.01/share to $4.81. In the past year, the shares have traded as low as $2.77 and as high as $6.92. On average, 662430 shares of RAS exchange hands on a given day and today's volume is recorded at 183667. 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 $5.09 represents resistance and the 200-day moving average of $4.61 would be an area of support. The stock has insider ownership of 1.2%.

Shares of Dana Holding Corporation (DAN) fell by 1.57% or $-0.23/share to $14.44. In the past year, the shares have traded as low as $9.42 and as high as $18.94. On average, 2924500 shares of DAN exchange hands on a given day and today's volume is recorded at 1080342. 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 $15.43 represents resistance and the 200-day moving average of $13.85 would be an area of support. The stock has insider ownership of 0.2%.

Shares of CME Group Inc. (CME) fell by 0.76% or $-2.04/share to $266.33. In the past year, the shares have traded as low as $220.42 and as high as $304.62. On average, 731370 shares of CME exchange hands on a given day and today's volume is recorded at 169871. 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 $282.52 represents resistance and the 200-day moving average of $259.10 would be an area of support. The stock has insider ownership of 0.15%.