Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, May 9, 2012

A Bullish Sign - Insider Buying: (OKS), (WFT), (UFCS), (GHDX), (SIAL)

Shares of ONEOK Partners, L.P. (OKS) fell by 0.69% or $-0.39/share to $56.3. In the past year, the shares have traded as low as $41.61 and as high as $60.88. On average, 432700 shares of OKS exchange hands on a given day and today's volume is recorded at 74478. 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 $55.35 area where the stock will likely see buying pressure. The stock has insider ownership of 62.51%.

Shares of Weatherford International Ltd. (WFT) fell by 1.41% or $-0.19/share to $13.26. In the past year, the shares have traded as low as $10.85 and as high as $22.76. On average, 14345630 shares of WFT exchange hands on a given day and today's volume is recorded at 5871825. 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 $15.21 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.4%.

Shares of United Fire & Casualty Company (UFCS) traded higher by 0.65% or $0.13/share to $20.23. In the past year, the shares have traded as low as $14.44 and as high as $21.05. On average, 62350 shares of UFCS exchange hands on a given day and today's volume is recorded at 23686. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $18.19 area. The stock has insider ownership of 0.19%.

Shares of Genomic Health Inc. (GHDX) traded higher by 2.06% or $0.60/share to $29.76. In the past year, the shares have traded as low as $19.00 and as high as $32.03. On average, 145390 shares of GHDX exchange hands on a given day and today's volume is recorded at 48769. 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 $29.61 area where the stock will likely see buying pressure. The stock has insider ownership of 6.3%.

Shares of Sigma-Aldrich Corporation (SIAL) remained unchanged at $69.81. In the past year, the shares have traded as low as $55.71 and as high as $75.52. On average, 560670 shares of SIAL exchange hands on a given day and today's volume is recorded at 307956. 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 $71.81 represents resistance and the 200-day moving average of $66.13 would be an area of support. The stock has insider ownership of 0.24%.