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Tuesday, May 29, 2012

Recent Insider Selling Detected: (THOR), (FE), (ITW), (XLNX), (CAB)

Shares of Thoratec Corp. (THOR) traded higher by 1.34% or $0.42/share to $31.7. In the past year, the shares have traded as low as $27.84 and as high as $38.07. On average, 825350 shares of THOR exchange hands on a given day and today's volume is recorded at 45567. 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 $32.46 area where the stock may encounter resistance. The stock has insider ownership of 0.55%.

Shares of FirstEnergy Corp. (FE) traded higher by 0.14% or $0.07/share to $46.92. In the past year, the shares have traded as low as $37.39 and as high as $48.17. On average, 3063340 shares of FE exchange hands on a given day and today's volume is recorded at 143966. 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 $45.83 area where the stock will likely see buying pressure. The stock has insider ownership of 0.22%.

Shares of Illinois Tool Works Inc. (ITW) traded higher by 0.87% or $0.49/share to $56.78. In the past year, the shares have traded as low as $38.59 and as high as $58.27. On average, 2754910 shares of ITW exchange hands on a given day and today's volume is recorded at 252767. 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 $56.24 area where the stock will likely see buying pressure. The stock has insider ownership of 0.1%.

Shares of Xilinx Inc. (XLNX) traded higher by 1.16% or $0.37/share to $32.35. In the past year, the shares have traded as low as $26.09 and as high as $37.49. On average, 3559700 shares of XLNX exchange hands on a given day and today's volume is recorded at 496864. 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 $32.74 area where the stock may encounter resistance. The stock has insider ownership of 0.07%.

Shares of Cabela's Inc. (CAB) traded higher by 0.14% or $0.05/share to $36.37. In the past year, the shares have traded as low as $19.12 and as high as $41.61. On average, 778630 shares of CAB exchange hands on a given day and today's volume is recorded at 31489. 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 $37.58 represents resistance and the 200-day moving average of $28.64 would be an area of support. The stock has insider ownership of 3.71%.