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Wednesday, August 22, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (EPR), (STX), (CRVL), (BPL), (HRS)

Shares of Entertainment Properties Trust (EPR) fell by 0.41% or $-0.19/share to $45.06. In the past year, the shares have traded as low as $34.21 and as high as $47.61. On average, 250160 shares of EPR exchange hands on a given day and today's volume is recorded at 46171. 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 $43.13 area where the stock will likely see buying pressure. The stock has insider ownership of 0.65%.

Shares of Seagate Technology PLC (STX) traded higher by 0.59% or $0.20/share to $34.92. In the past year, the shares have traded as low as $8.70 and as high as $35.71. On average, 12752740 shares of STX exchange hands on a given day and today's volume is recorded at 5496730. 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 $27.62 area where the stock will likely see buying pressure. The stock has insider ownership of 12.29%.

Shares of CorVel Corporation (CRVL) traded higher by 0.22% or $0.10/share to $45.09. In the past year, the shares have traded as low as $39.46 and as high as $54.64. On average, 19560 shares of CRVL exchange hands on a given day and today's volume is recorded at 1711. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $45.80 area where the stock may encounter resistance. The stock has insider ownership of 1.13%.

Shares of Buckeye Partners LP (BPL) fell by 1.62% or $-0.82/share to $49.92. In the past year, the shares have traded as low as $43.69 and as high as $63.66. On average, 313780 shares of BPL exchange hands on a given day and today's volume is recorded at 204499. 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 $51.44 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.49%.

Shares of Harris Corp. (HRS) fell by 1.08% or $-0.50/share to $45.99. In the past year, the shares have traded as low as $31.94 and as high as $46.68. On average, 756150 shares of HRS exchange hands on a given day and today's volume is recorded at 370340. 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 $42.39 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.