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Thursday, January 19, 2012

Recent Insider Buying Detected: (FCNCA), (GCI), (FFBC), (BAC), (DY)

Shares of First Citizens Bancshares Inc. (FCNCA) fell by 2.06% or $-3.77/share to $179.2. In the past year, the shares have traded as low as $136.86 and as high as $207.12. On average, 9780 shares of FCNCA exchange hands on a given day and today's volume is recorded at 4500. 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 $173.49 area. The stock has insider ownership of 5.65%.

Shares of Gannett Co., Inc. (GCI) traded higher by 0.07% or $0.01/share to $15.16. In the past year, the shares have traded as low as $8.23 and as high as $18.56. On average, 4012400 shares of GCI exchange hands on a given day and today's volume is recorded at 2579061. 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 $12.55 area where the stock will likely see buying pressure. The stock has insider ownership of 0.05%.

Shares of First Financial Bancorp. (FFBC) remained unchanged at $17.86. In the past year, the shares have traded as low as $12.61 and as high as $18.00. On average, 262520 shares of FFBC exchange hands on a given day and today's volume is recorded at 73924. 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 $16.29 area where the stock will likely see buying pressure. The stock has insider ownership of 0.33%.

Shares of Bank of America Corporation (BAC) traded higher by 3.97% or $0.27/share to $7.07. In the past year, the shares have traded as low as $4.92 and as high as $14.88. On average, 267883760 shares of BAC exchange hands on a given day and today's volume is recorded at 352259488. 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 $8.49 represents resistance and the 50-day moving average of $5.79 would be an area of support. The stock has insider ownership of 0.02%.

Shares of Dycom Industries Inc. (DY) traded higher by 1.88% or $0.40/share to $21.64. In the past year, the shares have traded as low as $12.26 and as high as $22.72. On average, 427650 shares of DY exchange hands on a given day and today's volume is recorded at 154170. 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 $20.18 area where the stock will likely see buying pressure. The stock has insider ownership of 2.79%.