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Thursday, September 13, 2012

Recent Insider Selling Detected: (IPGP), (CBE), (DLB), (GHL), (WLP)

Shares of IPG Photonics Corporation (IPGP) fell by 1.24% or $-0.80/share to $63.79. In the past year, the shares have traded as low as $33.33 and as high as $65.25. On average, 591510 shares of IPGP exchange hands on a given day and today's volume is recorded at 49001. 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 $54.43 area where the stock will likely see buying pressure. The stock has insider ownership of 1.27%.

Shares of Cooper Industries plc (CBE) fell by 0.65% or $-0.49/share to $74.94. In the past year, the shares have traded as low as $42.17 and as high as $75.81. On average, 1713650 shares of CBE exchange hands on a given day and today's volume is recorded at 215441. 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 $71.56 area where the stock will likely see buying pressure. The stock has insider ownership of 0.29%.

Shares of Dolby Laboratories, Inc. (DLB) fell by 0.23% or $-0.08/share to $34.63. In the past year, the shares have traded as low as $25.70 and as high as $45.83. On average, 790570 shares of DLB exchange hands on a given day and today's volume is recorded at 52778. 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 $35.39 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.33%.

Shares of Greenhill & Co., Inc. (GHL) traded higher by 0.45% or $0.22/share to $49.14. In the past year, the shares have traded as low as $25.19 and as high as $49.04. On average, 358200 shares of GHL exchange hands on a given day and today's volume is recorded at 28960. 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 $40.18 area where the stock will likely see buying pressure. The stock has insider ownership of 0.12%.

Shares of WellPoint Inc. (WLP) fell by 1.74% or $-1.01/share to $57.2. In the past year, the shares have traded as low as $52.27 and as high as $74.05. On average, 4025310 shares of WLP exchange hands on a given day and today's volume is recorded at 985699. 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 $58.36 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.07%.