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Friday, July 27, 2012

Insider Ownership Increasing: (IMAX), (MGI), (CVBF), (TCB), (FFBC)

Shares of IMAX Corporation (IMAX) traded higher by 0.4% or $0.09/share to $22.55. In the past year, the shares have traded as low as $12.57 and as high as $26.68. On average, 1364290 shares of IMAX exchange hands on a given day and today's volume is recorded at 931243. 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 $22.48 area where the stock will likely see buying pressure. The stock has insider ownership of 1.12%.

Shares of Moneygram International Inc. (MGI) traded higher by 0.38% or $0.06/share to $15.81. In the past year, the shares have traded as low as $13.66 and as high as $27.36. On average, 147430 shares of MGI exchange hands on a given day and today's volume is recorded at 29804. 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 $17.12 represents resistance and the 50-day moving average of $14.78 would be an area of support. The stock has insider ownership of 0.33%.

Shares of CVB Financial Corp. (CVBF) traded higher by 1.45% or $0.17/share to $11.88. In the past year, the shares have traded as low as $7.12 and as high as $12.00. On average, 447390 shares of CVBF exchange hands on a given day and today's volume is recorded at 264433. 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 $11.08 area where the stock will likely see buying pressure. The stock has insider ownership of 0.57%.

Shares of TCF Financial Corporation (TCB) traded higher by 2.65% or $0.27/share to $10.46. In the past year, the shares have traded as low as $8.49 and as high as $12.74. On average, 2208940 shares of TCB exchange hands on a given day and today's volume is recorded at 1649240. 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 $10.92 area where the stock may encounter resistance. The stock has insider ownership of 3.38%.

Shares of First Financial Bancorp. (FFBC) traded higher by 1.32% or $0.21/share to $16.08. In the past year, the shares have traded as low as $12.16 and as high as $17.73. On average, 222270 shares of FFBC exchange hands on a given day and today's volume is recorded at 159719. 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 $16.11 represents resistance and the 50-day moving average of $15.86 would be an area of support. The stock has insider ownership of 1.31%.