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Monday, January 23, 2012

Recent Insider Buying Detected: (HOTT), (AMZN), (OPK), (END), (AREX)

Shares of Hot Topic Inc. (HOTT) fell by 1.43% or $-0.10/share to $7.22. In the past year, the shares have traded as low as $4.85 and as high as $8.65. On average, 527570 shares of HOTT exchange hands on a given day and today's volume is recorded at 91370. 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 $7.23 represents resistance and the 50-day moving average of $6.92 would be an area of support. The stock has insider ownership of 0.03%.

Shares of Amazon.com Inc. (AMZN) fell by 2.35% or $-4.49/share to $186.44. In the past year, the shares have traded as low as $160.59 and as high as $246.71. On average, 6548640 shares of AMZN exchange hands on a given day and today's volume is recorded at 2865837. 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 $189.26 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 19.49%.

Shares of Opko Health, Inc. (OPK) fell by 1.33% or $-0.07/share to $5.2. In the past year, the shares have traded as low as $3.15 and as high as $5.85. On average, 1501070 shares of OPK exchange hands on a given day and today's volume is recorded at 628458. 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 $5.00 area where the stock will likely see buying pressure. The stock has insider ownership of 6.32%.

Shares of Endeavour International Corporation (END) traded higher by 3.5% or $0.32/share to $9.45. In the past year, the shares have traded as low as $5.80 and as high as $16.43. On average, 503180 shares of END exchange hands on a given day and today's volume is recorded at 274095. 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 $10.47 represents resistance and the 50-day moving average of $7.50 would be an area of support. The stock has insider ownership of 13.1%.

Shares of Approach Resources, Inc. (AREX) traded higher by 4.04% or $1.30/share to $33.47. In the past year, the shares have traded as low as $14.14 and as high as $34.93. On average, 517030 shares of AREX exchange hands on a given day and today's volume is recorded at 177535. 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 $30.13 area where the stock will likely see buying pressure. The stock has insider ownership of 1.17%.