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Friday, May 4, 2012

Recent Insider Buying Detected: (BJRI), (DRE), (CODI), (CPF), (MDCO)

Shares of BJ's Restaurants, Inc. (BJRI) traded higher by 1.18% or $0.51/share to $43.76. In the past year, the shares have traded as low as $39.80 and as high as $56.64. On average, 382380 shares of BJRI exchange hands on a given day and today's volume is recorded at 344676. 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 $47.47 area where the stock may encounter resistance. The stock has insider ownership of 5.66%.

Shares of Duke Realty Corp. (DRE) fell by 1.26% or $-0.19/share to $14.85. In the past year, the shares have traded as low as $9.04 and as high as $15.31. On average, 2880480 shares of DRE exchange hands on a given day and today's volume is recorded at 966272. 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 $14.30 area where the stock will likely see buying pressure. The stock has insider ownership of 0.48%.

Shares of Compass Diversified Holdings (CODI) fell by 0.93% or $-0.13/share to $13.89. In the past year, the shares have traded as low as $10.39 and as high as $15.75. On average, 201770 shares of CODI exchange hands on a given day and today's volume is recorded at 185461. 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 $14.47 represents resistance and the 200-day moving average of $13.03 would be an area of support. The stock has insider ownership of 0.53%.

Shares of Central Pacific Financial Corp. (CPF) fell by 0.29% or $-0.04/share to $13.97. In the past year, the shares have traded as low as $9.37 and as high as $14.78. On average, 73980 shares of CPF exchange hands on a given day and today's volume is recorded at 101354. 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 $13.56 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.

Shares of Medicines Co. (MDCO) traded higher by 1.63% or $0.35/share to $21.85. In the past year, the shares have traded as low as $12.33 and as high as $22.82. On average, 462710 shares of MDCO exchange hands on a given day and today's volume is recorded at 139225. 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 $20.69 area where the stock will likely see buying pressure. The stock has insider ownership of 1.27%.