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Wednesday, May 16, 2012

Recent Insider Selling Detected: (RNR), (GLRE), (CRM), (CBST), (TYPE)

Shares of RenaissanceRe Holdings Ltd. (RNR) fell by 0.04% or $-0.03/share to $78.38. In the past year, the shares have traded as low as $58.83 and as high as $80.53. On average, 296490 shares of RNR exchange hands on a given day and today's volume is recorded at 28042. 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 $75.63 area where the stock will likely see buying pressure. The stock has insider ownership of 1.09%.

Shares of Greenlight Capital Re, Ltd. (GLRE) fell by 0.56% or $-0.14/share to $24.75. In the past year, the shares have traded as low as $20.01 and as high as $26.96. On average, 112230 shares of GLRE exchange hands on a given day and today's volume is recorded at 31835. 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 $24.61 area where the stock will likely see buying pressure. The stock has insider ownership of 2.55%.

Shares of Salesforce.com (CRM) fell by 1.4% or $-1.93/share to $136.17. In the past year, the shares have traded as low as $94.09 and as high as $164.75. On average, 2496250 shares of CRM exchange hands on a given day and today's volume is recorded at 771227. 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 $152.33 represents resistance and the 200-day moving average of $129.76 would be an area of support. The stock has insider ownership of 0.65%.

Shares of Cubist Pharmaceuticals Inc. (CBST) traded higher by 0.19% or $0.08/share to $42.03. In the past year, the shares have traded as low as $28.82 and as high as $44.95. On average, 717470 shares of CBST exchange hands on a given day and today's volume is recorded at 68982. 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 $42.40 represents resistance and the 200-day moving average of $38.61 would be an area of support. The stock has insider ownership of 0.36%.

Shares of Monotype Imaging Holdings Inc. (TYPE) traded higher by 1.42% or $0.19/share to $13.57. In the past year, the shares have traded as low as $9.98 and as high as $17.02. On average, 131650 shares of TYPE exchange hands on a given day and today's volume is recorded at 10200. 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 $13.89 area where the stock may encounter resistance. The stock has insider ownership of 2.51%.