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Wednesday, May 2, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (AFFY), (EFX), (MOLX), (RKT), (INCY)

Shares of Affymax, Inc. (AFFY) traded higher by 1.67% or $0.21/share to $12.78. In the past year, the shares have traded as low as $3.93 and as high as $16.25. On average, 1642950 shares of AFFY exchange hands on a given day and today's volume is recorded at 89694. 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 $11.67 area where the stock will likely see buying pressure. The stock has insider ownership of 0.71%.

Shares of Equifax Inc. (EFX) fell by 0.76% or $-0.35/share to $45.59. In the past year, the shares have traded as low as $28.18 and as high as $47.24. On average, 770790 shares of EFX exchange hands on a given day and today's volume is recorded at 53989. 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 $43.63 area where the stock will likely see buying pressure. The stock has insider ownership of 0.9%.

Shares of Molex Inc. (MOLX) fell by 1.13% or $-0.31/share to $27.2. In the past year, the shares have traded as low as $18.06 and as high as $28.46. On average, 543640 shares of MOLX exchange hands on a given day and today's volume is recorded at 50992. 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 $27.29 represents resistance and the 200-day moving average of $24.12 would be an area of support. The stock has insider ownership of 1.28%.

Shares of Rock-Tenn Co. (RKT) fell by 1.94% or $-1.21/share to $61.11. In the past year, the shares have traded as low as $43.33 and as high as $77.85. On average, 796250 shares of RKT exchange hands on a given day and today's volume is recorded at 101198. 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 $67.23 represents resistance and the 200-day moving average of $59.64 would be an area of support. The stock has insider ownership of 1.35%.

Shares of Incyte Corporation (INCY) fell by 0.09% or $-0.02/share to $22.57. In the past year, the shares have traded as low as $11.76 and as high as $23.15. On average, 1567970 shares of INCY exchange hands on a given day and today's volume is recorded at 83742. 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 $18.47 area where the stock will likely see buying pressure. The stock has insider ownership of 1.23%.