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Monday, May 7, 2012

Insider Ownership Increasing: (FITB), (HAE), (NBR), (JEC), (DAN)

Shares of Fifth Third Bancorp (FITB) traded higher by 2.86% or $0.40/share to $14.39. In the past year, the shares have traded as low as $8.95 and as high as $14.67. On average, 12255020 shares of FITB exchange hands on a given day and today's volume is recorded at 7062817. 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 $14.02 area where the stock will likely see buying pressure. The stock has insider ownership of 0.33%.

Shares of Haemonetics Corp. (HAE) traded higher by 0.12% or $0.09/share to $71.33. In the past year, the shares have traded as low as $54.99 and as high as $73.48. On average, 111690 shares of HAE exchange hands on a given day and today's volume is recorded at 48312. 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 $68.27 area where the stock will likely see buying pressure. The stock has insider ownership of 0.49%.

Shares of Nabors Industries Ltd. (NBR) traded higher by 0.97% or $0.15/share to $15.64. In the past year, the shares have traded as low as $11.05 and as high as $28.74. On average, 7361210 shares of NBR exchange hands on a given day and today's volume is recorded at 2708651. 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 $18.22 area where the stock may encounter resistance. The stock has insider ownership of 7.68%.

Shares of Jacobs Engineering Group Inc. (JEC) fell by 0.96% or $-0.38/share to $39.17. In the past year, the shares have traded as low as $30.74 and as high as $48.68. On average, 1053190 shares of JEC exchange hands on a given day and today's volume is recorded at 430162. 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 $40.67 area where the stock may encounter resistance. The stock has insider ownership of 1.9%.

Shares of Dana Holding Corporation (DAN) traded higher by 1.09% or $0.15/share to $13.84. In the past year, the shares have traded as low as $9.42 and as high as $18.94. On average, 2922990 shares of DAN exchange hands on a given day and today's volume is recorded at 927238. 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 $15.31 represents resistance and the 200-day moving average of $13.78 would be an area of support. The stock has insider ownership of 0.22%.