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Friday, June 8, 2012

Insider Ownership Increasing: (ARQL), (SQNM), (FITB), (FUR), (MDR)

Shares of ArQule Inc. (ARQL) traded higher by 3.37% or $0.21/share to $6.44. In the past year, the shares have traded as low as $3.98 and as high as $8.32. On average, 584050 shares of ARQL exchange hands on a given day and today's volume is recorded at 143657. 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 $6.77 represents resistance and the 200-day moving average of $6.21 would be an area of support. The stock has insider ownership of 0.42%.

Shares of Sequenom Inc. (SQNM) fell by 0.27% or $-0.01/share to $3.72. In the past year, the shares have traded as low as $3.46 and as high as $8.45. On average, 3783950 shares of SQNM exchange hands on a given day and today's volume is recorded at 1418106. 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 $4.47 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.34%.

Shares of Fifth Third Bancorp (FITB) traded higher by 0.86% or $0.11/share to $12.85. In the past year, the shares have traded as low as $8.95 and as high as $14.67. On average, 12802750 shares of FITB exchange hands on a given day and today's volume is recorded at 5779570. 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 $13.84 represents resistance and the 200-day moving average of $12.53 would be an area of support. The stock has insider ownership of 0.33%.

Shares of Winthrop Realty Trust (FUR) traded higher by 2.37% or $0.26/share to $11.23. In the past year, the shares have traded as low as $7.81 and as high as $12.11. On average, 110000 shares of FUR exchange hands on a given day and today's volume is recorded at 30541. 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 $10.79 area where the stock will likely see buying pressure. The stock has insider ownership of 0.3%.

Shares of McDermott International Inc. (MDR) traded higher by 2.29% or $0.24/share to $10.71. In the past year, the shares have traded as low as $9.04 and as high as $21.69. On average, 3665580 shares of MDR exchange hands on a given day and today's volume is recorded at 3434137. 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 $11.02 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.4%.