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Friday, June 8, 2012

Insider Selling In These Stocks: (AZO), (MSA), (SLXP), (DW), (CVG)

Shares of AutoZone Inc. (AZO) traded higher by 0.37% or $1.42/share to $385.3. In the past year, the shares have traded as low as $266.26 and as high as $399.11. On average, 468700 shares of AZO exchange hands on a given day and today's volume is recorded at 15016. 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 $381.11 area where the stock will likely see buying pressure. The stock has insider ownership of 0.98%.

Shares of Mine Safety Appliances Co. (MSA) traded higher by 0.3% or $0.12/share to $40.65. In the past year, the shares have traded as low as $23.98 and as high as $44.06. On average, 137330 shares of MSA exchange hands on a given day and today's volume is recorded at 12708. 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 $41.25 represents resistance and the 200-day moving average of $34.81 would be an area of support. The stock has insider ownership of 5.59%.

Shares of Salix Pharmaceuticals Ltd. (SLXP) fell by 0.54% or $-0.28/share to $51.83. In the past year, the shares have traded as low as $25.64 and as high as $53.99. On average, 902740 shares of SLXP exchange hands on a given day and today's volume is recorded at 37598. 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 $50.40 area where the stock will likely see buying pressure. The stock has insider ownership of 2.52%.

Shares of Drew Industries Inc. (DW) fell by 1.6% or $-0.43/share to $26.5. In the past year, the shares have traded as low as $17.49 and as high as $30.55. On average, 81940 shares of DW exchange hands on a given day and today's volume is recorded at 7852. 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 $27.26 represents resistance and the 200-day moving average of $24.59 would be an area of support. The stock has insider ownership of 3.15%.

Shares of Convergys Corporation (CVG) fell by 0.42% or $-0.06/share to $14.22. In the past year, the shares have traded as low as $8.49 and as high as $14.58. On average, 878520 shares of CVG exchange hands on a given day and today's volume is recorded at 60061. 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 $13.36 area where the stock will likely see buying pressure. The stock has insider ownership of 1.43%.