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Wednesday, July 18, 2012

Insider Selling In These Stocks: (APOG), (BID), (HITK), (AZO), (FIRE)

Shares of Apogee Enterprises, Inc. (APOG) traded higher by 1.43% or $0.24/share to $16.99. In the past year, the shares have traded as low as $7.60 and as high as $16.97. On average, 189310 shares of APOG exchange hands on a given day and today's volume is recorded at 147568. 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 $15.41 area where the stock will likely see buying pressure. The stock has insider ownership of 2.74%.

Shares of Sotheby's (BID) traded higher by 1.32% or $0.40/share to $30.79. In the past year, the shares have traded as low as $24.81 and as high as $45.52. On average, 1175700 shares of BID exchange hands on a given day and today's volume is recorded at 225074. 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 $31.68 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.4%.

Shares of Hi Tech Pharmacal Co. Inc. (HITK) fell by 0.77% or $-0.25/share to $32.27. In the past year, the shares have traded as low as $23.72 and as high as $44.58. On average, 96240 shares of HITK exchange hands on a given day and today's volume is recorded at 57705. 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 $35.20 represents resistance and the 50-day moving average of $30.25 would be an area of support. The stock has insider ownership of 28.31%.

Shares of AutoZone Inc. (AZO) traded higher by 1.02% or $3.89/share to $384.77. In the past year, the shares have traded as low as $266.26 and as high as $399.10. On average, 513880 shares of AZO exchange hands on a given day and today's volume is recorded at 71185. 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 $377.19 area where the stock will likely see buying pressure. The stock has insider ownership of 1.01%.

Shares of Sourcefire, Inc. (FIRE) traded higher by 4.12% or $1.77/share to $44.77. In the past year, the shares have traded as low as $23.26 and as high as $59.64. On average, 709370 shares of FIRE exchange hands on a given day and today's volume is recorded at 399237. 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 $51.21 represents resistance and the 200-day moving average of $40.78 would be an area of support. The stock has insider ownership of 3.24%.