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Monday, October 10, 2011

Recent Insider Buying Detected: (SFD), (CAR), (RBCAA), (LXK), (NVDA)

Shares of Smithfield Foods Inc. (SFD) traded higher by 1.36% or $0.28/share to $20.99. In the past year, the shares have traded as low as $14.82 and as high as $24.93. On average, 2618520 shares of SFD exchange hands on a given day and today's volume is recorded at 642778. 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 $21.39 represents resistance and the 50-day moving average of $20.06 would be an area of support. The stock has insider ownership of 1.15%.

Shares of Avis Budget Group, Inc. (CAR) traded higher by 6.22% or $0.66/share to $11.27. In the past year, the shares have traded as low as $8.45 and as high as $19.49. On average, 2337050 shares of CAR exchange hands on a given day and today's volume is recorded at 1112464. 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 $11.99 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.06%.

Shares of Republic Bancorp Inc. (RBCAA) traded higher by 2.52% or $0.47/share to $19.15. In the past year, the shares have traded as low as $15.59 and as high as $24.10. On average, 41050 shares of RBCAA exchange hands on a given day and today's volume is recorded at 17426. 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 $19.05 area. The stock has insider ownership of 0.58%.

Shares of Lexmark International Inc. (LXK) traded higher by 3.27% or $0.95/share to $29.86. In the past year, the shares have traded as low as $25.87 and as high as $48.06. On average, 2022580 shares of LXK exchange hands on a given day and today's volume is recorded at 369540. 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 $30.41 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.75%.

Shares of NVIDIA Corporation (NVDA) traded higher by 3.62% or $0.51/share to $14.66. In the past year, the shares have traded as low as $10.51 and as high as $26.16. On average, 22821950 shares of NVDA exchange hands on a given day and today's volume is recorded at 6361868. 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 $17.49 represents resistance and the 50-day moving average of $13.51 would be an area of support. The stock has insider ownership of 0.3%.