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Friday, May 11, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (WEC), (NTCT), (SAM), (DHX), (SSP)

Shares of Wisconsin Energy Corp. (WEC) traded higher by 0.7% or $0.26/share to $37.15. In the past year, the shares have traded as low as $26.32 and as high as $37.05. On average, 1228840 shares of WEC exchange hands on a given day and today's volume is recorded at 475480. 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 $35.31 area where the stock will likely see buying pressure. The stock has insider ownership of 0.21%.

Shares of NetScout Systems, Inc. (NTCT) traded higher by 0.73% or $0.14/share to $19.38. In the past year, the shares have traded as low as $10.68 and as high as $24.42. On average, 290190 shares of NTCT exchange hands on a given day and today's volume is recorded at 47440. 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 $20.09 represents resistance and the 200-day moving average of $17.09 would be an area of support. The stock has insider ownership of 0.69%.

Shares of Boston Beer Co. Inc. (SAM) traded higher by 0.59% or $0.63/share to $107.19. In the past year, the shares have traded as low as $71.00 and as high as $115.49. On average, 137460 shares of SAM exchange hands on a given day and today's volume is recorded at 22644. 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 $102.60 area where the stock will likely see buying pressure. The stock has insider ownership of 3.45%.

Shares of Dice Holdings, Inc. (DHX) fell by 0.47% or $-0.05/share to $10.48. In the past year, the shares have traded as low as $7.02 and as high as $17.28. On average, 425500 shares of DHX exchange hands on a given day and today's volume is recorded at 329958. 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 $9.71 area where the stock will likely see buying pressure. The stock has insider ownership of 2.82%.

Shares of The E. W. Scripps Company (SSP) fell by 0.62% or $-0.06/share to $9.55. In the past year, the shares have traded as low as $6.36 and as high as $10.12. On average, 261670 shares of SSP exchange hands on a given day and today's volume is recorded at 39438. 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 $9.41 area where the stock will likely see buying pressure. The stock has insider ownership of 2.31%.