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Thursday, March 22, 2012

Stocks Having Recent Insider Buying: (APC), (ENH), (SNPS), (FGP), (Y)

Shares of Anadarko Petroleum Corporation (APC) fell by 3.22% or $-2.61/share to $78.43. In the past year, the shares have traded as low as $56.99 and as high as $88.61. On average, 3660800 shares of APC exchange hands on a given day and today's volume is recorded at 1783808. 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 $83.28 represents resistance and the 200-day moving average of $76.86 would be an area of support. The stock has insider ownership of 0.2%.

Shares of Endurance Specialty Holdings Ltd. (ENH) fell by 0.4% or $-0.16/share to $39.19. In the past year, the shares have traded as low as $31.16 and as high as $47.83. On average, 279980 shares of ENH exchange hands on a given day and today's volume is recorded at 60179. 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 $38.29 area where the stock will likely see buying pressure. The stock has insider ownership of 4.21%.

Shares of Synopsys Inc. (SNPS) fell by 0.53% or $-0.16/share to $30.04. In the past year, the shares have traded as low as $21.37 and as high as $30.88. On average, 824610 shares of SNPS exchange hands on a given day and today's volume is recorded at 216688. 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 $29.71 area where the stock will likely see buying pressure. The stock has insider ownership of 0.6%.

Shares of Ferrellgas Partners LP (FGP) fell by 2.54% or $-0.38/share to $14.58. In the past year, the shares have traded as low as $9.71 and as high as $24.27. On average, 475470 shares of FGP exchange hands on a given day and today's volume is recorded at 264211. 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 $16.79 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.07%.

Shares of Alleghany Corp. (Y) fell by 0.74% or $-2.43/share to $326.52. In the past year, the shares have traded as low as $277.04 and as high as $340.91. On average, 113350 shares of Y exchange hands on a given day and today's volume is recorded at 13338. 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 $306.91 area where the stock will likely see buying pressure. The stock has insider ownership of 3.47%.