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Monday, May 14, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (HLF), (CECO), (DLB), (FIRE), (SWM)

Shares of Herbalife Ltd. (HLF) fell by 3.88% or $-1.76/share to $43.58. In the past year, the shares have traded as low as $43.08 and as high as $72.52. On average, 3289420 shares of HLF exchange hands on a given day and today's volume is recorded at 1825670. 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 $58.01 area where the stock may encounter resistance. The stock has insider ownership of 1.57%.

Shares of Career Education Corp. (CECO) traded higher by 3.06% or $0.19/share to $6.4. In the past year, the shares have traded as low as $5.88 and as high as $27.60. On average, 1180310 shares of CECO exchange hands on a given day and today's volume is recorded at 577411. 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 $7.57 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.02%.

Shares of Dolby Laboratories, Inc. (DLB) fell by 0.24% or $-0.11/share to $44.81. In the past year, the shares have traded as low as $25.70 and as high as $50.11. On average, 742670 shares of DLB exchange hands on a given day and today's volume is recorded at 137818. 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 $38.81 area where the stock will likely see buying pressure. The stock has insider ownership of 0.9%.

Shares of Sourcefire, Inc. (FIRE) fell by 0.86% or $-0.46/share to $52.85. In the past year, the shares have traded as low as $23.20 and as high as $59.64. On average, 754980 shares of FIRE exchange hands on a given day and today's volume is recorded at 153930. 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 $49.51 area where the stock will likely see buying pressure. The stock has insider ownership of 3.56%.

Shares of Schweitzer-Mauduit International Inc. (SWM) fell by 0.21% or $-0.15/share to $70.1. In the past year, the shares have traded as low as $46.85 and as high as $74.35. On average, 105680 shares of SWM exchange hands on a given day and today's volume is recorded at 23739. 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 $69.01 area where the stock will likely see buying pressure. The stock has insider ownership of 2.76%.