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Thursday, May 31, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (ESIO), (WEC), (CME), (RFMD), (DW)

Shares of Electro Scientific Industries Inc. (ESIO) fell by 3.34% or $-0.38/share to $11.01. In the past year, the shares have traded as low as $10.76 and as high as $20.74. On average, 103170 shares of ESIO exchange hands on a given day and today's volume is recorded at 21576. 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 $13.91 area where the stock may encounter resistance. The stock has insider ownership of 3.2%.

Shares of Wisconsin Energy Corp. (WEC) traded higher by 0.67% or $0.25/share to $37.4. In the past year, the shares have traded as low as $26.10 and as high as $37.67. On average, 1325910 shares of WEC exchange hands on a given day and today's volume is recorded at 303383. 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 $35.78 area where the stock will likely see buying pressure. The stock has insider ownership of 0.21%.

Shares of CME Group Inc. (CME) fell by 0.98% or $-2.56/share to $258.21. In the past year, the shares have traded as low as $220.41 and as high as $304.60. On average, 575130 shares of CME exchange hands on a given day and today's volume is recorded at 179630. 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 $258.37 area where the stock may encounter resistance. The stock has insider ownership of 0.17%.

Shares of RF Micro Devices Inc. (RFMD) fell by 0.27% or $-0.01/share to $3.7. In the past year, the shares have traded as low as $3.50 and as high as $7.89. On average, 3754800 shares of RFMD exchange hands on a given day and today's volume is recorded at 1005146. 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 $4.28 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 2.25%.

Shares of Drew Industries Inc. (DW) fell by 0.3% or $-0.08/share to $26.22. In the past year, the shares have traded as low as $17.49 and as high as $30.55. On average, 77760 shares of DW exchange hands on a given day and today's volume is recorded at 12890. 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 $27.31 represents resistance and the 200-day moving average of $24.35 would be an area of support. The stock has insider ownership of 3.12%.