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Wednesday, October 26, 2011

Stocks Having Recent Insider Buying: (FHN), (GULF), (NVE), (SLB), (NBIX)

Shares of First Horizon National Corp. (FHN) traded higher by 0.97% or $0.07/share to $6.8. In the past year, the shares have traded as low as $5.38 and as high as $12.64. On average, 5243540 shares of FHN exchange hands on a given day and today's volume is recorded at 2517178. 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 $9.51 represents resistance and the 50-day moving average of $6.49 would be an area of support. The stock has insider ownership of 0.77%.

Shares of WisdomTree Middle East Dividend (GULF) traded higher by 1.58% or $0.23/share to $14.83. In the past year, the shares have traded as low as $14.06 and as high as $16.66. On average, 7360 shares of GULF exchange hands on a given day and today's volume is recorded at 2284. 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 $15.38 represents resistance and the 50-day moving average of $14.72 would be an area of support. The stock has insider ownership of -999.99%.

Shares of NV Energy, Inc. (NVE) traded higher by 0.52% or $0.08/share to $15.5. In the past year, the shares have traded as low as $12.22 and as high as $15.90. On average, 3443900 shares of NVE exchange hands on a given day and today's volume is recorded at 591396. 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 $14.68 area. The stock has insider ownership of 0.15%.

Shares of Schlumberger Limited (SLB) fell by 0.1% or $-0.07/share to $67.96. In the past year, the shares have traded as low as $54.79 and as high as $95.22. On average, 12730310 shares of SLB exchange hands on a given day and today's volume is recorded at 5361698. 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 $69.60 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.16%.

Shares of Neurocrine Biosciences Inc. (NBIX) fell by 1.31% or $-0.08/share to $6.04. In the past year, the shares have traded as low as $5.42 and as high as $9.30. On average, 342360 shares of NBIX exchange hands on a given day and today's volume is recorded at 103288. 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 $7.04 represents resistance and the 50-day moving average of $5.94 would be an area of support. The stock has insider ownership of 10.45%.