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Tuesday, May 29, 2012

A Bullish Sign - Insider Buying: (PFG), (SONS), (OPK), (WIN), (BEBE)

Shares of Principal Financial Group Inc. (PFG) traded higher by 1.25% or $0.31/share to $24.75. In the past year, the shares have traded as low as $19.77 and as high as $30.53. On average, 2206130 shares of PFG exchange hands on a given day and today's volume is recorded at 803259. 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 $25.29 area where the stock may encounter resistance. The stock has insider ownership of 0.27%.

Shares of Sonus Networks, Inc. (SONS) traded higher by 0.41% or $0.01/share to $2.42. In the past year, the shares have traded as low as $1.97 and as high as $3.42. On average, 1479870 shares of SONS exchange hands on a given day and today's volume is recorded at 271757. 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 $2.56 area where the stock may encounter resistance. The stock has insider ownership of 1.13%.

Shares of Opko Health, Inc. (OPK) fell by 0.94% or $-0.04/share to $4.74. In the past year, the shares have traded as low as $3.15 and as high as $5.86. On average, 1575950 shares of OPK exchange hands on a given day and today's volume is recorded at 572989. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $4.79 represents resistance and the 50-day moving average of $4.69 would be an area of support. The stock has insider ownership of 7.58%.

Shares of Windstream Corporation (WIN) fell by 0.84% or $-0.08/share to $9.41. In the past year, the shares have traded as low as $9.31 and as high as $12.46. On average, 7457610 shares of WIN exchange hands on a given day and today's volume is recorded at 2457156. 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 $11.00 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.78%.

Shares of Bebe Stores, Inc. (BEBE) fell by 0.31% or $-0.02/share to $6.33. In the past year, the shares have traded as low as $5.60 and as high as $9.58. On average, 348680 shares of BEBE exchange hands on a given day and today's volume is recorded at 180153. 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 $7.81 area where the stock may encounter resistance. The stock has insider ownership of 0.04%.