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Tuesday, October 11, 2011

Insider Buying In These Names: (UFCS), (FDML), (BBY), (SAH), (DNP)

Shares of United Fire & Casualty Company (UFCS) traded higher by 1.2% or $0.22/share to $18.57. In the past year, the shares have traded as low as $14.67 and as high as $22.86. On average, 66630 shares of UFCS exchange hands on a given day and today's volume is recorded at 9820. 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 $18.67 represents resistance and the 50-day moving average of $16.88 would be an area of support. The stock has insider ownership of 0.47%.

Shares of Federal-Mogul Corp. (FDML) remained unchanged at $17.86. In the past year, the shares have traded as low as $14.11 and as high as $27.20. On average, 202060 shares of FDML exchange hands on a given day and today's volume is recorded at 23784. 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 $21.28 represents resistance and the 50-day moving average of $16.14 would be an area of support. The stock has insider ownership of 0.06%.

Shares of Best Buy Co. Inc. (BBY) traded higher by 1.36% or $0.34/share to $25.43. In the past year, the shares have traded as low as $21.79 and as high as $44.70. On average, 7638710 shares of BBY exchange hands on a given day and today's volume is recorded at 1940210. 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 $29.59 represents resistance and the 50-day moving average of $24.45 would be an area of support. The stock has insider ownership of 0.67%.

Shares of Sonic Automotive Inc. (SAH) fell by 0.31% or $-0.04/share to $12.9. In the past year, the shares have traded as low as $10.07 and as high as $16.24. On average, 736080 shares of SAH exchange hands on a given day and today's volume is recorded at 204873. 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 $13.43 represents resistance and the 50-day moving average of $12.70 would be an area of support. The stock has insider ownership of 11.41%.

Shares of DNP Select Income Fund Inc. (DNP) traded higher by 0.38% or $0.04/share to $10.17. In the past year, the shares have traded as low as $8.41 and as high as $10.20. On average, 415240 shares of DNP exchange hands on a given day and today's volume is recorded at 244826. 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 $9.82 area where the stock will likely see buying pressure. The stock has insider ownership of 0.02%.