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Friday, October 7, 2011

Recent Insider Buying Detected: (LAMR), (LXK), (BBY), (ARII), (APA)

Shares of Lamar Advertising Co. (LAMR) fell by 1.39% or $-0.26/share to $18.51. In the past year, the shares have traded as low as $16.49 and as high as $41.88. On average, 1049470 shares of LAMR exchange hands on a given day and today's volume is recorded at 258726. 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 $19.86 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.26%.

Shares of Lexmark International Inc. (LXK) fell by 1.46% or $-0.43/share to $29.1. In the past year, the shares have traded as low as $25.87 and as high as $48.07. On average, 2003860 shares of LXK exchange hands on a given day and today's volume is recorded at 734208. 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 $30.51 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.75%.

Shares of Best Buy Co. Inc. (BBY) traded higher by 2.64% or $0.64/share to $24.9. In the past year, the shares have traded as low as $21.79 and as high as $44.70. On average, 7588960 shares of BBY exchange hands on a given day and today's volume is recorded at 6018790. 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 $29.67 represents resistance and the 50-day moving average of $24.56 would be an area of support. The stock has insider ownership of 0.7%.

Shares of American Railcar Industries (ARII) fell by 2.76% or $-0.49/share to $17.26. In the past year, the shares have traded as low as $13.68 and as high as $28.74. On average, 97140 shares of ARII exchange hands on a given day and today's volume is recorded at 20483. 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 $21.00 represents resistance and the 50-day moving average of $17.05 would be an area of support. The stock has insider ownership of 0.1%.

Shares of Apache Corp. (APA) fell by 0.78% or $-0.67/share to $85.56. In the past year, the shares have traded as low as $73.04 and as high as $133.96. On average, 3536730 shares of APA exchange hands on a given day and today's volume is recorded at 1871279. 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 $98.09 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.37%.