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Monday, July 16, 2012

Recent Insider Selling Detected: (ARRS), (MCK), (DLB), (LSCC), (ABMD)

Shares of Arris Group Inc. (ARRS) fell by 0.22% or $-0.03/share to $13.81. In the past year, the shares have traded as low as $9.60 and as high as $14.10. On average, 909450 shares of ARRS exchange hands on a given day and today's volume is recorded at 377696. 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 $12.94 area where the stock will likely see buying pressure. The stock has insider ownership of 3.61%.

Shares of McKesson Corporation (MCK) fell by 0.18% or $-0.17/share to $94.71. In the past year, the shares have traded as low as $66.12 and as high as $96.02. On average, 1692950 shares of MCK exchange hands on a given day and today's volume is recorded at 319113. 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 $90.15 area where the stock will likely see buying pressure. The stock has insider ownership of 0.03%.

Shares of Dolby Laboratories, Inc. (DLB) fell by 0.09% or $-0.03/share to $38.01. In the past year, the shares have traded as low as $25.70 and as high as $45.83. On average, 767980 shares of DLB exchange hands on a given day and today's volume is recorded at 592415. 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 $42.32 represents resistance and the 200-day moving average of $36.09 would be an area of support. The stock has insider ownership of 0.96%.

Shares of Lattice Semiconductor Corporation (LSCC) fell by 1.36% or $-0.05/share to $3.64. In the past year, the shares have traded as low as $3.49 and as high as $7.18. On average, 1961430 shares of LSCC exchange hands on a given day and today's volume is recorded at 651942. 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 $4.29 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.12%.

Shares of Abiomed Inc. (ABMD) fell by 1.19% or $-0.29/share to $24.15. In the past year, the shares have traded as low as $9.98 and as high as $26.17. On average, 551000 shares of ABMD exchange hands on a given day and today's volume is recorded at 118010. 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 $22.29 area where the stock will likely see buying pressure. The stock has insider ownership of 2.29%.