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Wednesday, May 23, 2012

Insider Buying In These Names: (FCH), (CELG), (RSG), (FAST), (NEOG)

Shares of FelCor Lodging Trust Inc. (FCH) fell by 3.52% or $-0.15/share to $4.11. In the past year, the shares have traded as low as $1.91 and as high as $6.23. On average, 973310 shares of FCH exchange hands on a given day and today's volume is recorded at 296700. 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 $4.09 area where the stock will likely see buying pressure. The stock has insider ownership of 2.91%.

Shares of Celgene Corporation (CELG) fell by 1.41% or $-0.98/share to $68.67. In the past year, the shares have traded as low as $51.70 and as high as $80.42. On average, 2984560 shares of CELG exchange hands on a given day and today's volume is recorded at 958620. 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 $75.16 represents resistance and the 200-day moving average of $68.04 would be an area of support. The stock has insider ownership of 0.12%.

Shares of Republic Services, Inc. (RSG) fell by 0.79% or $-0.21/share to $26.42. In the past year, the shares have traded as low as $24.15 and as high as $31.32. On average, 2400920 shares of RSG exchange hands on a given day and today's volume is recorded at 1224229. 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 $28.20 area where the stock may encounter resistance. The stock has insider ownership of 18.73%.

Shares of Fastenal Company (FAST) fell by 2.07% or $-0.91/share to $43.13. In the past year, the shares have traded as low as $28.81 and as high as $54.86. On average, 2631660 shares of FAST exchange hands on a given day and today's volume is recorded at 767490. 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 $48.66 represents resistance and the 200-day moving average of $42.37 would be an area of support. The stock has insider ownership of 8.12%.

Shares of Neogen Corp. (NEOG) fell by 1.44% or $-0.55/share to $37.52. In the past year, the shares have traded as low as $25.59 and as high as $47.92. On average, 106790 shares of NEOG exchange hands on a given day and today's volume is recorded at 28578. 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 $38.14 represents resistance and the 200-day moving average of $35.43 would be an area of support. The stock has insider ownership of 3.6%.