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Wednesday, May 16, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (WDFC), (HAL), (HL), (COP), (NVE)

Shares of WD-40 Company (WDFC) traded higher by 0.57% or $0.27/share to $47.33. In the past year, the shares have traded as low as $34.67 and as high as $47.46. On average, 64400 shares of WDFC exchange hands on a given day and today's volume is recorded at 1305. 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 $44.55 area where the stock will likely see buying pressure. The stock has insider ownership of 1.31%.

Shares of Halliburton Company (HAL) traded higher by 1.9% or $0.58/share to $31.16. In the past year, the shares have traded as low as $27.07 and as high as $57.34. On average, 14833400 shares of HAL exchange hands on a given day and today's volume is recorded at 2243975. 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 $33.35 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.23%.

Shares of Hecla Mining Co. (HL) traded higher by 4.01% or $0.15/share to $3.89. In the past year, the shares have traded as low as $3.70 and as high as $8.60. On average, 5730760 shares of HL exchange hands on a given day and today's volume is recorded at 1090083. 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 $4.35 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.49%.

Shares of ConocoPhillips (COP) traded higher by 0.86% or $0.45/share to $52.98. In the past year, the shares have traded as low as $43.88 and as high as $59.68. On average, 9809020 shares of COP exchange hands on a given day and today's volume is recorded at 2012394. 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 $53.37 area where the stock may encounter resistance. The stock has insider ownership of 0.13%.

Shares of NV Energy, Inc. (NVE) traded higher by 0.47% or $0.08/share to $17.05. In the past year, the shares have traded as low as $12.01 and as high as $17.38. On average, 2247820 shares of NVE exchange hands on a given day and today's volume is recorded at 262747. 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 $16.10 area where the stock will likely see buying pressure. The stock has insider ownership of 0.25%.