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Wednesday, May 16, 2012

Stocks Having Recent Insider Buying: (NFLX), (BECN), (WIN), (BAC), (ACG)

Shares of Netflix, Inc. (NFLX) fell by 2.22% or $-1.72/share to $75.76. In the past year, the shares have traded as low as $62.37 and as high as $304.75. On average, 5771790 shares of NFLX exchange hands on a given day and today's volume is recorded at 1877506. 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 $100.05 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.16%.

Shares of Beacon Roofing Supply Inc. (BECN) traded higher by 2.52% or $0.63/share to $25.6. In the past year, the shares have traded as low as $14.59 and as high as $27.60. On average, 411720 shares of BECN exchange hands on a given day and today's volume is recorded at 275165. 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 $25.53 area where the stock will likely see buying pressure. The stock has insider ownership of 0.32%.

Shares of Windstream Corporation (WIN) traded higher by 0.11% or $0.01/share to $9.42. In the past year, the shares have traded as low as $9.38 and as high as $12.51. On average, 7336830 shares of WIN exchange hands on a given day and today's volume is recorded at 6522863. 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 $11.38 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.76%.

Shares of Bank of America Corporation (BAC) fell by 0.21% or $-0.02/share to $7.28. In the past year, the shares have traded as low as $4.91 and as high as $12.04. On average, 249669620 shares of BAC exchange hands on a given day and today's volume is recorded at 81622616. 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 $8.67 represents resistance and the 200-day moving average of $7.22 would be an area of support. The stock has insider ownership of 0.01%.

Shares of AllianceBernstein Income Fund, Inc. (ACG) traded higher by 0.12% or $0.01/share to $8.23. In the past year, the shares have traded as low as $7.21 and as high as $8.28. On average, 609640 shares of ACG exchange hands on a given day and today's volume is recorded at 211434. 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 $8.15 area where the stock will likely see buying pressure. The stock has insider ownership of -999.99%.