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Monday, July 2, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (TRAK), (CVH), (BRO), (CYBX), (APOL)

Shares of DealerTrack Holdings, Inc. (TRAK) traded higher by 0.1% or $0.03/share to $30.14. In the past year, the shares have traded as low as $14.01 and as high as $31.98. On average, 323650 shares of TRAK exchange hands on a given day and today's volume is recorded at 13596. 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 $28.70 area where the stock will likely see buying pressure. The stock has insider ownership of 2.0%.

Shares of Coventry Health Care Inc. (CVH) traded higher by 0.13% or $0.04/share to $31.83. In the past year, the shares have traded as low as $25.59 and as high as $37.58. On average, 2086150 shares of CVH exchange hands on a given day and today's volume is recorded at 147453. 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 $31.35 area where the stock will likely see buying pressure. The stock has insider ownership of 0.98%.

Shares of Brown & Brown Inc. (BRO) traded higher by 1.06% or $0.29/share to $27.56. In the past year, the shares have traded as low as $16.59 and as high as $27.32. On average, 972550 shares of BRO exchange hands on a given day and today's volume is recorded at 115820. 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 $26.20 area where the stock will likely see buying pressure. The stock has insider ownership of 1.49%.

Shares of Cyberonics Inc. (CYBX) traded higher by 0.85% or $0.38/share to $45.32. In the past year, the shares have traded as low as $26.19 and as high as $45.89. On average, 241950 shares of CYBX exchange hands on a given day and today's volume is recorded at 47751. 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 $40.10 area where the stock will likely see buying pressure. The stock has insider ownership of 2.83%.

Shares of Apollo Group Inc. (APOL) traded higher by 2.24% or $0.81/share to $37.0. In the past year, the shares have traded as low as $30.93 and as high as $58.29. On average, 2284620 shares of APOL exchange hands on a given day and today's volume is recorded at 450162. 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 $43.58 represents resistance and the 50-day moving average of $33.59 would be an area of support. The stock has insider ownership of 3.23%.