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Thursday, June 21, 2012

Recent Insider Selling Detected: (BRCM), (GHL), (AWR), (SRCL), (MORN)

Shares of Broadcom Corp. (BRCM) fell by 2.52% or $-0.89/share to $34.38. In the past year, the shares have traded as low as $27.43 and as high as $39.54. On average, 7849300 shares of BRCM exchange hands on a given day and today's volume is recorded at 2378551. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $34.28 area. The stock has insider ownership of 0.69%.

Shares of Greenhill & Co., Inc. (GHL) fell by 0.2% or $-0.07/share to $35.57. In the past year, the shares have traded as low as $25.45 and as high as $53.35. On average, 390520 shares of GHL exchange hands on a given day and today's volume is recorded at 49418. 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 $35.74 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.95%.

Shares of American States Water Company (AWR) fell by 0.91% or $-0.35/share to $38.25. In the past year, the shares have traded as low as $30.05 and as high as $38.95. On average, 99530 shares of AWR exchange hands on a given day and today's volume is recorded at 11859. 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 $36.55 area where the stock will likely see buying pressure. The stock has insider ownership of 1.43%.

Shares of Stericycle, Inc. (SRCL) fell by 0.01% or $-0.01/share to $90.35. In the past year, the shares have traded as low as $73.05 and as high as $93.95. On average, 449180 shares of SRCL exchange hands on a given day and today's volume is recorded at 118553. 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 $86.12 area where the stock will likely see buying pressure. The stock has insider ownership of 2.75%.

Shares of Morningstar Inc. (MORN) fell by 0.58% or $-0.34/share to $58.11. In the past year, the shares have traded as low as $50.90 and as high as $63.68. On average, 90720 shares of MORN exchange hands on a given day and today's volume is recorded at 20332. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $58.83 represents resistance and the 50-day moving average of $57.86 would be an area of support. The stock has insider ownership of 52.05%.