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Wednesday, May 9, 2012

Recent Insider Selling Detected: (CSGP), (ASTE), (GBX), (CCI), (MCHP)

Shares of CoStar Group Inc. (CSGP) fell by 1.0% or $-0.69/share to $68.62. In the past year, the shares have traded as low as $46.41 and as high as $73.65. On average, 202180 shares of CSGP exchange hands on a given day and today's volume is recorded at 46181. 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 $67.55 area where the stock will likely see buying pressure. The stock has insider ownership of 2.2%.

Shares of Astec Industries, Inc. (ASTE) fell by 1.92% or $-0.57/share to $29.12. In the past year, the shares have traded as low as $26.53 and as high as $40.68. On average, 137430 shares of ASTE exchange hands on a given day and today's volume is recorded at 41440. 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 $33.82 area where the stock may encounter resistance. The stock has insider ownership of 11.82%.

Shares of Greenbrier Companies (GBX) fell by 1.04% or $-0.16/share to $15.24. In the past year, the shares have traded as low as $10.38 and as high as $27.74. On average, 580740 shares of GBX exchange hands on a given day and today's volume is recorded at 112060. 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 $19.61 area where the stock may encounter resistance. The stock has insider ownership of 10.28%.

Shares of Crown Castle International Corp. (CCI) fell by 0.65% or $-0.36/share to $55.39. In the past year, the shares have traded as low as $37.53 and as high as $57.78. On average, 3060650 shares of CCI exchange hands on a given day and today's volume is recorded at 677141. 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 $54.00 area where the stock will likely see buying pressure. The stock has insider ownership of 1.1%.

Shares of Microchip Technology Inc. (MCHP) fell by 1.77% or $-0.58/share to $32.12. In the past year, the shares have traded as low as $28.63 and as high as $39.93. On average, 1834890 shares of MCHP exchange hands on a given day and today's volume is recorded at 844762. 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 $34.45 area where the stock may encounter resistance. The stock has insider ownership of 0.03%.