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Thursday, May 24, 2012

A Bullish Sign - Insider Buying: (GHDX), (GME), (MJN), (LKQX), (FFG)

Shares of Genomic Health Inc. (GHDX) traded higher by 1.66% or $0.55/share to $33.75. In the past year, the shares have traded as low as $19.00 and as high as $35.00. On average, 166610 shares of GHDX exchange hands on a given day and today's volume is recorded at 85699. 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 $30.13 area where the stock will likely see buying pressure. The stock has insider ownership of 6.2%.

Shares of GameStop Corp. (GME) fell by 1.05% or $-0.20/share to $18.88. In the past year, the shares have traded as low as $18.13 and as high as $28.47. On average, 3667980 shares of GME exchange hands on a given day and today's volume is recorded at 1915707. 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 $21.98 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.65%.

Shares of Mead Johnson Nutrition Company (MJN) traded higher by 0.7% or $0.57/share to $81.86. In the past year, the shares have traded as low as $60.39 and as high as $87.27. On average, 1230380 shares of MJN exchange hands on a given day and today's volume is recorded at 370338. 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 $82.86 represents resistance and the 200-day moving average of $74.92 would be an area of support. The stock has insider ownership of 0.21%.

Shares of LKQ Corp. (LKQX) remained unchanged at $35.17. In the past year, the shares have traded as low as $20.38 and as high as $36.34. On average, 800670 shares of LKQX exchange hands on a given day and today's volume is recorded at 0. 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 $32.22 area where the stock will likely see buying pressure. The stock has insider ownership of 0.6%.

Shares of FBL Financial Group Inc. (FFG) traded higher by 1.38% or $0.35/share to $25.8. In the past year, the shares have traded as low as $24.36 and as high as $36.82. On average, 95310 shares of FFG exchange hands on a given day and today's volume is recorded at 66992. 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 $30.12 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 56.24%.