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Monday, October 3, 2011

Insider Buying In These Names: (BUSE), (MCF), (STEI), (EBF), (XCO)

Shares of First Busey Corporation (BUSE) remained unchanged at $4.35. In the past year, the shares have traded as low as $3.76 and as high as $5.62. On average, 244990 shares of BUSE exchange hands on a given day and today's volume is recorded at 0. 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 $4.71 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 4.25%.

Shares of Contango Oil & Gas Co. (MCF) remained unchanged at $54.71. In the past year, the shares have traded as low as $49.54 and as high as $67.25. On average, 118160 shares of MCF exchange hands on a given day and today's volume is recorded at 0. 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 $59.15 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 17.0%.

Shares of Stewart Enterprises Inc. (STEI) remained unchanged at $5.95. In the past year, the shares have traded as low as $5.14 and as high as $8.32. On average, 525740 shares of STEI exchange hands on a given day and today's volume is recorded at 0. 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 $6.01 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.66%.

Shares of Ennis Inc. (EBF) remained unchanged at $13.06. In the past year, the shares have traded as low as $12.71 and as high as $20.08. On average, 101740 shares of EBF exchange hands on a given day and today's volume is recorded at 0. 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 $15.49 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 3.06%.

Shares of EXCO Resources Inc. (XCO) remained unchanged at $10.72. In the past year, the shares have traded as low as $10.58 and as high as $20.93. On average, 3929450 shares of XCO exchange hands on a given day and today's volume is recorded at 0. 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 $13.34 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.41%.