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Thursday, October 27, 2011

Insider Ownership Increasing​: (APA), (END), (VHI), (CAR), (BAC)

Shares of Apache Corp. (APA) traded higher by 4.69% or $4.57/share to $101.93. In the past year, the shares have traded as low as $72.92 and as high as $133.75. On average, 3766290 shares of APA exchange hands on a given day and today's volume is recorded at 1650470. 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 $113.90 represents resistance and the 50-day moving average of $92.51 would be an area of support. The stock has insider ownership of 0.37%.

Shares of Endeavour International Corporation (END) traded higher by 8.94% or $0.80/share to $9.75. In the past year, the shares have traded as low as $5.91 and as high as $16.43. On average, 425130 shares of END exchange hands on a given day and today's volume is recorded at 153898. 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 $11.95 represents resistance and the 50-day moving average of $8.62 would be an area of support. The stock has insider ownership of 4.72%.

Shares of Valhi, Inc. (VHI) traded higher by 2.74% or $1.64/share to $61.43. In the past year, the shares have traded as low as $18.37 and as high as $63.86. On average, 41450 shares of VHI exchange hands on a given day and today's volume is recorded at 9643. 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 $56.00 area where the stock will likely see buying pressure. The stock has insider ownership of 0.47%.

Shares of Avis Budget Group, Inc. (CAR) traded higher by 7.09% or $0.94/share to $14.19. In the past year, the shares have traded as low as $8.45 and as high as $19.49. On average, 2516150 shares of CAR exchange hands on a given day and today's volume is recorded at 2794830. 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 $15.12 represents resistance and the 50-day moving average of $11.64 would be an area of support. The stock has insider ownership of 1.12%.

Shares of Bank of America Corporation (BAC) traded higher by 7.1% or $0.47/share to $7.06. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 302779340 shares of BAC exchange hands on a given day and today's volume is recorded at 166256384. 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 $10.81 represents resistance and the 50-day moving average of $6.75 would be an area of support. The stock has insider ownership of 0.02%.