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Thursday, July 19, 2012

Stocks Having Recent Insider Selling: (PAYX), (AFFY), (PNC), (AVB), (SIRI)

Shares of Paychex, Inc. (PAYX) fell by 1.48% or $-0.49/share to $32.7. In the past year, the shares have traded as low as $24.34 and as high as $33.40. On average, 2795070 shares of PAYX exchange hands on a given day and today's volume is recorded at 1447551. 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 $30.96 area where the stock will likely see buying pressure. The stock has insider ownership of 0.07%.

Shares of Affymax, Inc. (AFFY) fell by 0.09% or $-0.02/share to $16.89. In the past year, the shares have traded as low as $3.93 and as high as $17.32. On average, 1119820 shares of AFFY exchange hands on a given day and today's volume is recorded at 363495. 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 $13.71 area where the stock will likely see buying pressure. The stock has insider ownership of 0.55%.

Shares of PNC Financial Services Group Inc. (PNC) traded higher by 1.56% or $0.95/share to $61.96. In the past year, the shares have traded as low as $41.63 and as high as $67.44. On average, 3148280 shares of PNC exchange hands on a given day and today's volume is recorded at 1843004. 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 $60.33 area where the stock will likely see buying pressure. The stock has insider ownership of 0.21%.

Shares of Avalonbay Communities Inc. (AVB) fell by 1.54% or $-2.32/share to $148.18. In the past year, the shares have traded as low as $105.32 and as high as $151.10. On average, 646050 shares of AVB exchange hands on a given day and today's volume is recorded at 135516. 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 $141.12 area where the stock will likely see buying pressure. The stock has insider ownership of 0.79%.

Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.66% or $0.03/share to $2.14. In the past year, the shares have traded as low as $1.27 and as high as $2.40. On average, 49763410 shares of SIRI exchange hands on a given day and today's volume is recorded at 25827104. 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 $1.98 area. The stock has insider ownership of 0.26%.