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Tuesday, November 15, 2011

Insider Buying In These Names: (XL), (CWT), (FCNCA), (REXX), (CLW)

Shares of XL Group plc (XL) traded higher by 1.53% or $0.32/share to $21.2. In the past year, the shares have traded as low as $17.69 and as high as $25.15. On average, 4448100 shares of XL exchange hands on a given day and today's volume is recorded at 1777828. 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 $21.60 represents resistance and the 50-day moving average of $20.10 would be an area of support. The stock has insider ownership of 0.2%.

Shares of California Water Service Group (CWT) traded higher by 1.46% or $0.27/share to $18.76. In the past year, the shares have traded as low as $16.51 and as high as $19.05. On average, 270010 shares of CWT exchange hands on a given day and today's volume is recorded at 100738. 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 $17.93 area. The stock has insider ownership of 0.79%.

Shares of First Citizens Bancshares Inc. (FCNCA) fell by 0.55% or $-0.92/share to $166.34. In the past year, the shares have traded as low as $137.10 and as high as $207.48. On average, 15290 shares of FCNCA exchange hands on a given day and today's volume is recorded at 13444. 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 $179.57 represents resistance and the 50-day moving average of $155.46 would be an area of support. The stock has insider ownership of 9.23%.

Shares of Rex Energy Corporation (REXX) fell by 0.12% or $-0.02/share to $16.63. In the past year, the shares have traded as low as $9.67 and as high as $18.00. On average, 1113670 shares of REXX exchange hands on a given day and today's volume is recorded at 435267. 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 $14.10 area where the stock will likely see buying pressure. The stock has insider ownership of 1.7%.

Shares of Clearwater Paper Corporation (CLW) fell by 0.58% or $-0.20/share to $34.2. In the past year, the shares have traded as low as $30.44 and as high as $41.94. On average, 212750 shares of CLW exchange hands on a given day and today's volume is recorded at 73418. 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 $35.14 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.25%.