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Thursday, January 12, 2012

Insider Ownership Increasing: (UFCS), (SHLD), (UBSH), (CMC), (BBY)

Shares of United Fire & Casualty Company (UFCS) fell by 0.05% or $-0.01/share to $20.15. In the past year, the shares have traded as low as $14.55 and as high as $21.64. On average, 61800 shares of UFCS exchange hands on a given day and today's volume is recorded at 13169. 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 $18.99 area where the stock will likely see buying pressure. The stock has insider ownership of 0.44%.

Shares of Sears Holdings Corporation (SHLD) fell by 4.68% or $-1.54/share to $31.36. In the past year, the shares have traded as low as $28.89 and as high as $94.80. On average, 1222820 shares of SHLD exchange hands on a given day and today's volume is recorded at 2382055. 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 $55.40 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.2%.

Shares of Union First Market Bankshares Corporation (UBSH) fell by 0.58% or $-0.08/share to $13.72. In the past year, the shares have traded as low as $9.87 and as high as $14.80. On average, 52030 shares of UBSH exchange hands on a given day and today's volume is recorded at 22813. 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 $12.90 area where the stock will likely see buying pressure. The stock has insider ownership of 3.21%.

Shares of Commercial Metals Company (CMC) fell by 2.16% or $-0.30/share to $13.58. In the past year, the shares have traded as low as $8.55 and as high as $17.73. On average, 1992600 shares of CMC exchange hands on a given day and today's volume is recorded at 933066. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $13.58 represents resistance and the 200-day moving average of $13.33 would be an area of support. The stock has insider ownership of 0.32%.

Shares of Best Buy Co. Inc. (BBY) fell by 0.93% or $-0.23/share to $24.58. In the past year, the shares have traded as low as $21.64 and as high as $35.08. On average, 6531650 shares of BBY exchange hands on a given day and today's volume is recorded at 1304487. 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 $25.57 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.18%.