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Friday, May 11, 2012

Insider Selling In These Stocks: (MHK), (NAVG), (BMS), (SMG), (AIRM)

Shares of Mohawk Industries Inc. (MHK) traded higher by 0.54% or $0.40/share to $74.11. In the past year, the shares have traded as low as $39.93 and as high as $75.44. On average, 684680 shares of MHK exchange hands on a given day and today's volume is recorded at 111498. 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 $65.65 area where the stock will likely see buying pressure. The stock has insider ownership of 0.94%.

Shares of Navigators Group Inc. (NAVG) fell by 0.97% or $-0.49/share to $50.17. In the past year, the shares have traded as low as $38.36 and as high as $51.84. On average, 31720 shares of NAVG exchange hands on a given day and today's volume is recorded at 2807. 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 $46.86 area where the stock will likely see buying pressure. The stock has insider ownership of 19.42%.

Shares of Bemis Company, Inc. (BMS) traded higher by 0.13% or $0.04/share to $31.74. In the past year, the shares have traded as low as $26.77 and as high as $33.57. On average, 723590 shares of BMS exchange hands on a given day and today's volume is recorded at 106253. 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 $31.83 represents resistance and the 200-day moving average of $30.21 would be an area of support. The stock has insider ownership of 0.54%.

Shares of The Scotts Miracle-Gro Company (SMG) fell by 0.13% or $-0.06/share to $46.86. In the past year, the shares have traded as low as $39.21 and as high as $58.95. On average, 566320 shares of SMG exchange hands on a given day and today's volume is recorded at 138605. 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 $47.25 area where the stock may encounter resistance. The stock has insider ownership of 31.37%.

Shares of Air Methods Corp. (AIRM) fell by 0.16% or $-0.15/share to $93.0. In the past year, the shares have traded as low as $56.17 and as high as $93.93. On average, 77850 shares of AIRM exchange hands on a given day and today's volume is recorded at 10463. 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 $88.05 area where the stock will likely see buying pressure. The stock has insider ownership of 9.33%.