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Monday, May 14, 2012

A Bullish Sign - Insider Buying: (GNW), (WEN), (AGCO), (GHDX), (RMBS)

Shares of Genworth Financial Inc. (GNW) fell by 2.14% or $-0.13/share to $5.72. In the past year, the shares have traded as low as $4.80 and as high as $11.56. On average, 11670520 shares of GNW exchange hands on a given day and today's volume is recorded at 2859839. 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 $6.99 area where the stock may encounter resistance. The stock has insider ownership of 0.09%.

Shares of The Wendy's Company (WEN) traded higher by 0.45% or $0.02/share to $4.5. In the past year, the shares have traded as low as $4.25 and as high as $5.55. On average, 4142790 shares of WEN exchange hands on a given day and today's volume is recorded at 876847. 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 $4.87 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 6.28%.

Shares of AGCO Corporation (AGCO) fell by 2.01% or $-0.88/share to $42.97. In the past year, the shares have traded as low as $30.11 and as high as $54.44. On average, 1379840 shares of AGCO exchange hands on a given day and today's volume is recorded at 710890. 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 $44.81 area where the stock may encounter resistance. The stock has insider ownership of 0.89%.

Shares of Genomic Health Inc. (GHDX) traded higher by 2.2% or $0.69/share to $32.02. In the past year, the shares have traded as low as $19.00 and as high as $32.03. On average, 147900 shares of GHDX exchange hands on a given day and today's volume is recorded at 82374. 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 $29.68 area where the stock will likely see buying pressure. The stock has insider ownership of 6.3%.

Shares of Rambus Inc. (RMBS) fell by 1.51% or $-0.07/share to $4.56. In the past year, the shares have traded as low as $4.00 and as high as $21.69. On average, 1069820 shares of RMBS exchange hands on a given day and today's volume is recorded at 201413. 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 $5.83 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.65%.