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Tuesday, October 18, 2011

Insider Ownership Increasing: (ARII), (FCNCA), (OI), (NBIX), (BAC)

Shares of American Railcar Industries (ARII) traded higher by 2.96% or $0.56/share to $19.5. In the past year, the shares have traded as low as $13.68 and as high as $28.74. On average, 98790 shares of ARII exchange hands on a given day and today's volume is recorded at 40361. 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 $20.88 represents resistance and the 50-day moving average of $16.71 would be an area of support. The stock has insider ownership of 0.1%.

Shares of First Citizens Bancshares Inc. (FCNCA) traded higher by 2.54% or $3.84/share to $154.84. In the past year, the shares have traded as low as $137.10 and as high as $207.48. On average, 17020 shares of FCNCA exchange hands on a given day and today's volume is recorded at 5945. 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 $182.57 represents resistance and the 50-day moving average of $150.71 would be an area of support. The stock has insider ownership of 9.23%.

Shares of Owens-Illinois, Inc. (OI) traded higher by 3.84% or $0.67/share to $18.13. In the past year, the shares have traded as low as $13.43 and as high as $33.32. On average, 2830640 shares of OI exchange hands on a given day and today's volume is recorded at 610572. 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 $26.27 represents resistance and the 50-day moving average of $17.17 would be an area of support. The stock has insider ownership of 0.46%.

Shares of Neurocrine Biosciences Inc. (NBIX) traded higher by 0.66% or $0.04/share to $6.13. In the past year, the shares have traded as low as $5.42 and as high as $9.30. On average, 340420 shares of NBIX exchange hands on a given day and today's volume is recorded at 109281. 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 $7.08 represents resistance and the 50-day moving average of $5.91 would be an area of support. The stock has insider ownership of 10.45%.

Shares of Bank of America Corporation (BAC) traded higher by 6.63% or $0.40/share to $6.43. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 294803710 shares of BAC exchange hands on a given day and today's volume is recorded at 273002336. 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 $6.85 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.02%.