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

Tuesday, May 1, 2012

Insider Buying In These Names: (CYN), (WSBC), (AN), (RAS), (FAF)

Shares of City National Corp. (CYN) traded higher by 1.99% or $1.06/share to $54.32. In the past year, the shares have traded as low as $34.56 and as high as $56.68. On average, 477960 shares of CYN exchange hands on a given day and today's volume is recorded at 171577. 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 $50.51 area where the stock will likely see buying pressure. The stock has insider ownership of 0.35%.

Shares of WesBanco Inc. (WSBC) traded higher by 2.05% or $0.42/share to $20.89. In the past year, the shares have traded as low as $15.79 and as high as $21.51. On average, 60380 shares of WSBC exchange hands on a given day and today's volume is recorded at 4982. 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 $19.85 area where the stock will likely see buying pressure. The stock has insider ownership of 1.92%.

Shares of AutoNation Inc. (AN) traded higher by 2.17% or $0.75/share to $35.33. In the past year, the shares have traded as low as $30.46 and as high as $41.55. On average, 1006040 shares of AN exchange hands on a given day and today's volume is recorded at 298794. 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 $35.81 represents resistance and the 50-day moving average of $34.26 would be an area of support. The stock has insider ownership of 19.27%.

Shares of RAIT Financial Trust (RAS) traded higher by 1.76% or $0.09/share to $4.93. In the past year, the shares have traded as low as $2.77 and as high as $6.93. On average, 658270 shares of RAS exchange hands on a given day and today's volume is recorded at 179843. 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 $5.11 represents resistance and the 200-day moving average of $4.62 would be an area of support. The stock has insider ownership of 1.2%.

Shares of First American Financial Corporation (FAF) traded higher by 2.45% or $0.41/share to $17.16. In the past year, the shares have traded as low as $10.41 and as high as $17.91. On average, 626180 shares of FAF exchange hands on a given day and today's volume is recorded at 407868. 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 $16.19 area where the stock will likely see buying pressure. The stock has insider ownership of 1.68%.