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Thursday, July 19, 2012

Stocks Having Recent Insider Buying: (HE), (OPK), (IMAX), (FOLD), (MGI)

Shares of Hawaiian Electric Industries Inc. (HE) fell by 1.57% or $-0.46/share to $28.78. In the past year, the shares have traded as low as $19.59 and as high as $29.24. On average, 420590 shares of HE exchange hands on a given day and today's volume is recorded at 403065. 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 $27.79 area where the stock will likely see buying pressure. The stock has insider ownership of 0.48%.

Shares of Opko Health, Inc. (OPK) fell by 0.43% or $-0.02/share to $4.6. In the past year, the shares have traded as low as $3.49 and as high as $5.85. On average, 1216590 shares of OPK exchange hands on a given day and today's volume is recorded at 723772. 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 $4.62 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 7.51%.

Shares of IMAX Corporation (IMAX) fell by 1.01% or $-0.25/share to $24.45. In the past year, the shares have traded as low as $12.57 and as high as $28.61. On average, 1321270 shares of IMAX exchange hands on a given day and today's volume is recorded at 974353. 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 $22.50 area where the stock will likely see buying pressure. The stock has insider ownership of 1.12%.

Shares of Amicus Therapeutics, Inc. (FOLD) fell by 4.61% or $-0.30/share to $6.21. In the past year, the shares have traded as low as $2.10 and as high as $7.64. On average, 197150 shares of FOLD exchange hands on a given day and today's volume is recorded at 346348. 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 $5.23 area where the stock will likely see buying pressure. The stock has insider ownership of 0.13%.

Shares of Moneygram International Inc. (MGI) traded higher by 0.5% or $0.08/share to $16.08. In the past year, the shares have traded as low as $13.66 and as high as $28.56. On average, 153600 shares of MGI exchange hands on a given day and today's volume is recorded at 22031. 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 $17.20 represents resistance and the 50-day moving average of $14.65 would be an area of support. The stock has insider ownership of 0.32%.