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Tuesday, October 11, 2011

A Bullish Sign - Insider Buying: (ED), (KEG), (DRI), (EQY), (ITT)

Shares of Consolidated Edison Inc. (ED) fell by 1.17% or $-0.67/share to $56.55. In the past year, the shares have traded as low as $45.83 and as high as $58.79. On average, 2809810 shares of ED exchange hands on a given day and today's volume is recorded at 587409. 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 $55.29 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.

Shares of Key Energy Services Inc. (KEG) traded higher by 5.22% or $0.54/share to $10.89. In the past year, the shares have traded as low as $8.27 and as high as $20.77. On average, 3144780 shares of KEG exchange hands on a given day and today's volume is recorded at 2127092. 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 $12.99 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 2.56%.

Shares of Darden Restaurants, Inc. (DRI) traded higher by 0.91% or $0.41/share to $45.77. In the past year, the shares have traded as low as $40.28 and as high as $53.27. On average, 2526840 shares of DRI exchange hands on a given day and today's volume is recorded at 773035. 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 $46.98 represents resistance and the 50-day moving average of $45.45 would be an area of support. The stock has insider ownership of 0.64%.

Shares of Equity One Inc. (EQY) fell by 2.19% or $-0.34/share to $15.16. In the past year, the shares have traded as low as $14.57 and as high as $20.01. On average, 772090 shares of EQY exchange hands on a given day and today's volume is recorded at 497770. 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 $16.75 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.15%.

Shares of ITT Corporation (ITT) traded higher by 0.07% or $0.03/share to $43.94. In the past year, the shares have traded as low as $39.63 and as high as $63.09. On average, 1733820 shares of ITT exchange hands on a given day and today's volume is recorded at 1069290. 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 $44.61 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.06%.