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Friday, October 28, 2011

A Bullish Sign - Insider Buying: (GLW), (UTL), (CFNL), (DNP), (SONC)

Shares of Corning Inc. (GLW) fell by 1.46% or $-0.23/share to $15.19. In the past year, the shares have traded as low as $11.51 and as high as $23.23. On average, 21609140 shares of GLW exchange hands on a given day and today's volume is recorded at 9525813. 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 $18.02 represents resistance and the 50-day moving average of $13.65 would be an area of support. The stock has insider ownership of 0.18%.

Shares of Unitil Corp. (UTL) fell by 1.85% or $-0.51/share to $27.02. In the past year, the shares have traded as low as $20.33 and as high as $27.62. On average, 56970 shares of UTL exchange hands on a given day and today's volume is recorded at 23567. 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 $25.90 area where the stock will likely see buying pressure. The stock has insider ownership of 0.59%.

Shares of Cardinal Financial Corp. (CFNL) traded higher by 0.28% or $0.03/share to $10.83. In the past year, the shares have traded as low as $8.10 and as high as $12.05. On average, 126020 shares of CFNL exchange hands on a given day and today's volume is recorded at 54634. 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 $10.59 area. The stock has insider ownership of 4.17%.

Shares of DNP Select Income Fund Inc. (DNP) traded higher by 0.09% or $0.01/share to $10.57. In the past year, the shares have traded as low as $8.41 and as high as $10.85. On average, 426680 shares of DNP exchange hands on a given day and today's volume is recorded at 136947. 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 $10.02 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.

Shares of Sonic Corp. (SONC) traded higher by 0.92% or $0.07/share to $7.71. In the past year, the shares have traded as low as $6.35 and as high as $11.86. On average, 791400 shares of SONC exchange hands on a given day and today's volume is recorded at 130669. 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 $7.90 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.05%.