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Tuesday, July 31, 2012

Insider Selling In These Stocks: (EGN), (ABG), (WFM), (NTGR), (PCAR)

Shares of Energen Corp. (EGN) fell by 0.12% or $-0.06/share to $51.68. In the past year, the shares have traded as low as $36.90 and as high as $59.27. On average, 677540 shares of EGN exchange hands on a given day and today's volume is recorded at 198518. 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 $48.44 area. The stock has insider ownership of 0.68%.

Shares of Asbury Automotive Group, Inc. (ABG) traded higher by 0.34% or $0.09/share to $26.3. In the past year, the shares have traded as low as $15.01 and as high as $29.62. On average, 383890 shares of ABG exchange hands on a given day and today's volume is recorded at 123750. 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 $25.31 area where the stock will likely see buying pressure. The stock has insider ownership of 2.85%.

Shares of Whole Foods Market, Inc. (WFM) traded higher by 0.32% or $0.29/share to $92.09. In the past year, the shares have traded as low as $52.98 and as high as $97.11. On average, 2181770 shares of WFM exchange hands on a given day and today's volume is recorded at 634704. 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 $91.23 area where the stock will likely see buying pressure. The stock has insider ownership of 0.76%.

Shares of Netgear Inc. (NTGR) traded higher by 2.73% or $0.93/share to $34.94. In the past year, the shares have traded as low as $23.45 and as high as $43.44. On average, 581570 shares of NTGR exchange hands on a given day and today's volume is recorded at 306023. 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 $35.52 represents resistance and the 50-day moving average of $32.55 would be an area of support. The stock has insider ownership of 1.31%.

Shares of PACCAR Inc. (PCAR) fell by 0.37% or $-0.15/share to $40.3. In the past year, the shares have traded as low as $31.14 and as high as $47.97. On average, 2867720 shares of PCAR exchange hands on a given day and today's volume is recorded at 596964. 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 $41.07 represents resistance and the 50-day moving average of $38.08 would be an area of support. The stock has insider ownership of 1.34%.