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Friday, October 14, 2011

Insider Buying In These Names: (TYL), (ED), (END), (DRI), (UFCS)

Shares of Tyler Technologies, Inc. (TYL) traded higher by 0.32% or $0.09/share to $27.86. In the past year, the shares have traded as low as $19.49 and as high as $27.91. On average, 250760 shares of TYL exchange hands on a given day and today's volume is recorded at 149865. 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 $24.80 area where the stock will likely see buying pressure. The stock has insider ownership of 4.4%.

Shares of Consolidated Edison Inc. (ED) traded higher by 1.34% or $0.76/share to $57.42. In the past year, the shares have traded as low as $45.90 and as high as $58.79. On average, 2795370 shares of ED exchange hands on a given day and today's volume is recorded at 753900. 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 $55.57 area where the stock will likely see buying pressure. The stock has insider ownership of 0.18%.

Shares of Endeavour International Corporation (END) fell by 1.08% or $-0.10/share to $9.16. In the past year, the shares have traded as low as $5.91 and as high as $16.43. On average, 507500 shares of END exchange hands on a given day and today's volume is recorded at 100568. 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 $12.15 represents resistance and the 50-day moving average of $8.64 would be an area of support. The stock has insider ownership of 4.22%.

Shares of Darden Restaurants, Inc. (DRI) fell by 1.24% or $-0.58/share to $46.1. In the past year, the shares have traded as low as $40.28 and as high as $53.28. On average, 2541360 shares of DRI exchange hands on a given day and today's volume is recorded at 921491. 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 $47.00 represents resistance and the 50-day moving average of $45.31 would be an area of support. The stock has insider ownership of 0.64%.

Shares of United Fire & Casualty Company (UFCS) fell by 1.32% or $-0.25/share to $18.71. In the past year, the shares have traded as low as $14.67 and as high as $22.86. On average, 67360 shares of UFCS exchange hands on a given day and today's volume is recorded at 8831. 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 $18.62 area. The stock has insider ownership of 0.47%.