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Monday, August 6, 2012

Insiders Sell For Many Reasons - Is Bearishness One Of Them?: (CRS), (NCR), (JCOM), (CBS), (JDSU)

Shares of Carpenter Technology Corp. (CRS) traded higher by 3.2% or $1.55/share to $49.96. In the past year, the shares have traded as low as $38.92 and as high as $59.61. On average, 508300 shares of CRS exchange hands on a given day and today's volume is recorded at 138190. 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 $50.80 represents resistance and the 50-day moving average of $46.00 would be an area of support. The stock has insider ownership of 0.56%.

Shares of NCR Corp. (NCR) traded higher by 0.73% or $0.18/share to $25.35. In the past year, the shares have traded as low as $15.28 and as high as $25.28. On average, 1581560 shares of NCR exchange hands on a given day and today's volume is recorded at 910890. 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 $22.13 area where the stock will likely see buying pressure. The stock has insider ownership of 0.67%.

Shares of j2 Global, Inc. (JCOM) fell by 0.24% or $-0.07/share to $29.58. In the past year, the shares have traded as low as $23.55 and as high as $31.93. On average, 416700 shares of JCOM exchange hands on a given day and today's volume is recorded at 159060. 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 $27.32 area. The stock has insider ownership of 5.87%.

Shares of CBS Corporation (CBS) traded higher by 1.23% or $0.43/share to $35.49. In the past year, the shares have traded as low as $17.81 and as high as $35.18. On average, 6689450 shares of CBS exchange hands on a given day and today's volume is recorded at 3754639. 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 $31.93 area where the stock will likely see buying pressure. The stock has insider ownership of 0.35%.

Shares of JDS Uniphase Corporation (JDSU) traded higher by 4.67% or $0.46/share to $10.31. In the past year, the shares have traded as low as $8.47 and as high as $15.17. On average, 5153430 shares of JDSU exchange hands on a given day and today's volume is recorded at 2114222. 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 $11.59 represents resistance and the 50-day moving average of $9.94 would be an area of support. The stock has insider ownership of 0.15%.