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Tuesday, May 8, 2012

Insider Buying In These Names: (LTM), (JEC), (RSG), (OKS), (RAS)

Shares of Life Time Fitness Inc. (LTM) fell by 0.25% or $-0.11/share to $44.74. In the past year, the shares have traded as low as $33.15 and as high as $52.68. On average, 463990 shares of LTM exchange hands on a given day and today's volume is recorded at 222132. 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 $48.80 represents resistance and the 200-day moving average of $43.61 would be an area of support. The stock has insider ownership of 7.29%.

Shares of Jacobs Engineering Group Inc. (JEC) fell by 1.91% or $-0.75/share to $38.54. In the past year, the shares have traded as low as $30.74 and as high as $48.68. On average, 1061830 shares of JEC exchange hands on a given day and today's volume is recorded at 388581. 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 $40.66 area where the stock may encounter resistance. The stock has insider ownership of 1.9%.

Shares of Republic Services, Inc. (RSG) fell by 0.97% or $-0.26/share to $26.64. In the past year, the shares have traded as low as $24.15 and as high as $32.14. On average, 2284240 shares of RSG exchange hands on a given day and today's volume is recorded at 1333758. 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 $28.29 area where the stock may encounter resistance. The stock has insider ownership of 0.14%.

Shares of ONEOK Partners, L.P. (OKS) fell by 1.06% or $-0.60/share to $56.38. In the past year, the shares have traded as low as $41.60 and as high as $60.87. On average, 429770 shares of OKS exchange hands on a given day and today's volume is recorded at 189884. 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 $55.42 area where the stock will likely see buying pressure. The stock has insider ownership of 62.51%.

Shares of RAIT Financial Trust (RAS) traded higher by 3.05% or $0.13/share to $4.39. In the past year, the shares have traded as low as $2.77 and as high as $6.92. On average, 686390 shares of RAS exchange hands on a given day and today's volume is recorded at 239063. 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 $4.59 area where the stock may encounter resistance. The stock has insider ownership of 1.2%.