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Wednesday, October 5, 2011

Recent Insider Buying Detected: (UBSH), (THO), (PCYC), (MMLP), (BAC)

Shares of Union First Market Bankshares Corporation (UBSH) fell by 1.46% or $-0.17/share to $11.5. In the past year, the shares have traded as low as $9.93 and as high as $15.33. On average, 57900 shares of UBSH exchange hands on a given day and today's volume is recorded at 17019. 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 $11.96 represents resistance and the 50-day moving average of $11.00 would be an area of support. The stock has insider ownership of 0.41%.

Shares of Thor Industries Inc. (THO) traded higher by 2.53% or $0.60/share to $24.35. In the past year, the shares have traded as low as $17.50 and as high as $38.60. On average, 703920 shares of THO exchange hands on a given day and today's volume is recorded at 497935. 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 $28.96 represents resistance and the 50-day moving average of $21.01 would be an area of support. The stock has insider ownership of 13.4%.

Shares of Pharmacyclics Inc. (PCYC) traded higher by 3.15% or $0.35/share to $11.45. In the past year, the shares have traded as low as $4.75 and as high as $13.09. On average, 798820 shares of PCYC exchange hands on a given day and today's volume is recorded at 400309. 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 $11.17 area where the stock will likely see buying pressure. The stock has insider ownership of 18.11%.

Shares of Martin Midstream Partners LP (MMLP) fell by 1.93% or $-0.61/share to $30.96. In the past year, the shares have traded as low as $27.00 and as high as $40.23. On average, 74770 shares of MMLP exchange hands on a given day and today's volume is recorded at 49204. 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 $34.77 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.51%.

Shares of Bank of America Corporation (BAC) fell by 1.56% or $-0.09/share to $5.67. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 280224950 shares of BAC exchange hands on a given day and today's volume is recorded at 162627472. 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 $7.43 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.02%.