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Thursday, October 6, 2011

A Bullish Sign - Insider Buying: (EQT), (ARII), (BBY), (KRO), (PCYC)

Shares of EQT Corporation (EQT) traded higher by 0.99% or $0.55/share to $56.22. In the past year, the shares have traded as low as $35.61 and as high as $65.97. On average, 2070480 shares of EQT exchange hands on a given day and today's volume is recorded at 801671. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $57.19 represents resistance and the 200-day moving average of $51.17 would be an area of support. The stock has insider ownership of 0.07%.

Shares of American Railcar Industries (ARII) traded higher by 4.68% or $0.79/share to $17.68. In the past year, the shares have traded as low as $13.68 and as high as $28.74. On average, 96320 shares of ARII exchange hands on a given day and today's volume is recorded at 53952. 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 $21.02 represents resistance and the 50-day moving average of $17.14 would be an area of support. The stock has insider ownership of 0.1%.

Shares of Best Buy Co. Inc. (BBY) traded higher by 3.37% or $0.78/share to $23.94. In the past year, the shares have traded as low as $21.79 and as high as $44.70. On average, 7591160 shares of BBY exchange hands on a given day and today's volume is recorded at 2500342. 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 $24.64 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.7%.

Shares of Kronos Worldwide Inc. (KRO) traded higher by 10.15% or $1.74/share to $18.88. In the past year, the shares have traded as low as $14.16 and as high as $34.24. On average, 820860 shares of KRO exchange hands on a given day and today's volume is recorded at 970142. 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 $21.21 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.57%.

Shares of Pharmacyclics Inc. (PCYC) traded higher by 4.08% or $0.47/share to $12.0. In the past year, the shares have traded as low as $4.75 and as high as $13.09. On average, 807460 shares of PCYC exchange hands on a given day and today's volume is recorded at 189665. 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 $11.15 area where the stock will likely see buying pressure. The stock has insider ownership of 18.11%.