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Monday, May 7, 2012

Recent Insider Selling Detected: (AEC), (SIAL), (MANH), (SM), (SNCR)

Shares of Associated Estates Realty Corp. (AEC) fell by 0.35% or $-0.06/share to $16.92. In the past year, the shares have traded as low as $13.80 and as high as $18.24. On average, 363400 shares of AEC exchange hands on a given day and today's volume is recorded at 5677. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $15.91 area. The stock has insider ownership of 2.31%.

Shares of Sigma-Aldrich Corporation (SIAL) fell by 0.39% or $-0.27/share to $68.26. In the past year, the shares have traded as low as $55.70 and as high as $75.52. On average, 557540 shares of SIAL exchange hands on a given day and today's volume is recorded at 24221. 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 $71.94 represents resistance and the 200-day moving average of $66.17 would be an area of support. The stock has insider ownership of 0.24%.

Shares of Manhattan Associates, Inc. (MANH) fell by 0.23% or $-0.11/share to $48.12. In the past year, the shares have traded as low as $30.96 and as high as $51.00. On average, 148770 shares of MANH exchange hands on a given day and today's volume is recorded at 3512. 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 $47.90 area where the stock will likely see buying pressure. The stock has insider ownership of 1.68%.

Shares of SM Energy Company (SM) fell by 0.37% or $-0.24/share to $64.31. In the past year, the shares have traded as low as $53.40 and as high as $88.42. On average, 889890 shares of SM exchange hands on a given day and today's volume is recorded at 32563. 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 $71.89 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.58%.

Shares of Synchronoss Technologies, Inc. (SNCR) fell by 2.07% or $-0.61/share to $28.83. In the past year, the shares have traded as low as $22.54 and as high as $38.90. On average, 387510 shares of SNCR exchange hands on a given day and today's volume is recorded at 52698. 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 $30.07 area where the stock may encounter resistance. The stock has insider ownership of 8.78%.