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Tuesday, May 8, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (AGN), (ADBE), (DXCM), (OSG), (HAE)

Shares of Allergan Inc. (AGN) fell by 1.14% or $-1.07/share to $92.67. In the past year, the shares have traded as low as $69.27 and as high as $97.09. On average, 1571460 shares of AGN exchange hands on a given day and today's volume is recorded at 295844. 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 $93.36 represents resistance and the 200-day moving average of $85.74 would be an area of support. The stock has insider ownership of 0.15%.

Shares of Adobe Systems Inc. (ADBE) fell by 1.66% or $-0.54/share to $31.98. In the past year, the shares have traded as low as $22.67 and as high as $35.99. On average, 3941360 shares of ADBE exchange hands on a given day and today's volume is recorded at 618196. 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 $33.47 represents resistance and the 200-day moving average of $29.05 would be an area of support. The stock has insider ownership of 0.26%.

Shares of DexCom, Inc. (DXCM) fell by 0.79% or $-0.08/share to $10.02. In the past year, the shares have traded as low as $6.75 and as high as $15.79. On average, 420820 shares of DXCM exchange hands on a given day and today's volume is recorded at 48846. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.21 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.63%.

Shares of Overseas Shipholding Group Inc. (OSG) fell by 0.82% or $-0.09/share to $10.87. In the past year, the shares have traded as low as $7.86 and as high as $29.69. On average, 943420 shares of OSG exchange hands on a given day and today's volume is recorded at 101314. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $13.09 represents resistance and the 50-day moving average of $10.66 would be an area of support. The stock has insider ownership of 7.95%.

Shares of Haemonetics Corp. (HAE) fell by 0.84% or $-0.60/share to $70.85. In the past year, the shares have traded as low as $54.99 and as high as $73.49. On average, 112770 shares of HAE exchange hands on a given day and today's volume is recorded at 49032. 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 $68.34 area where the stock will likely see buying pressure. The stock has insider ownership of 0.49%.