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Wednesday, December 7, 2011

Insider Ownership Increasing: (PFG), (TQNT), (FMBI), (BLK), (TXI)

Shares of Principal Financial Group Inc. (PFG) fell by 0.43% or $-0.11/share to $25.36. In the past year, the shares have traded as low as $19.91 and as high as $34.02. On average, 3773780 shares of PFG exchange hands on a given day and today's volume is recorded at 1326990. 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 $27.14 represents resistance and the 50-day moving average of $23.77 would be an area of support. The stock has insider ownership of 0.09%.

Shares of TriQuint Semiconductor, Inc. (TQNT) traded higher by 3.32% or $0.16/share to $4.98. In the past year, the shares have traded as low as $3.97 and as high as $15.20. On average, 6740210 shares of TQNT exchange hands on a given day and today's volume is recorded at 2187570. 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 $5.43 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.16%.

Shares of First Midwest Bancorp Inc. (FMBI) fell by 0.3% or $-0.03/share to $9.85. In the past year, the shares have traded as low as $6.89 and as high as $13.45. On average, 738340 shares of FMBI exchange hands on a given day and today's volume is recorded at 148137. 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 $10.56 represents resistance and the 50-day moving average of $8.76 would be an area of support. The stock has insider ownership of 0.51%.

Shares of BlackRock, Inc. (BLK) traded higher by 0.55% or $0.95/share to $174.42. In the past year, the shares have traded as low as $135.90 and as high as $203.55. On average, 966040 shares of BLK exchange hands on a given day and today's volume is recorded at 160560. 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 $173.85 area. The stock has insider ownership of 1.28%.

Shares of Texas Industries Inc. (TXI) fell by 1.13% or $-0.33/share to $28.91. In the past year, the shares have traded as low as $21.89 and as high as $47.15. On average, 418640 shares of TXI exchange hands on a given day and today's volume is recorded at 99341. 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 $29.35 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 26.89%.