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Wednesday, April 4, 2012

A Bullish Sign - Insider Buying: (LXK), (HE), (ABB), (HTS), (END)

Shares of Lexmark International Inc. (LXK) fell by 0.36% or $-0.12/share to $32.92. In the past year, the shares have traded as low as $25.50 and as high as $38.13. On average, 926240 shares of LXK exchange hands on a given day and today's volume is recorded at 366947. 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 $35.74 represents resistance and the 200-day moving average of $32.14 would be an area of support. The stock has insider ownership of 1.02%.

Shares of Hawaiian Electric Industries Inc. (HE) fell by 1.09% or $-0.28/share to $25.32. In the past year, the shares have traded as low as $19.81 and as high as $26.47. On average, 397990 shares of HE exchange hands on a given day and today's volume is recorded at 283413. 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 $25.45 represents resistance and the 200-day moving average of $24.42 would be an area of support. The stock has insider ownership of 0.36%.

Shares of ABB Ltd. (ABB) fell by 2.35% or $-0.48/share to $19.95. In the past year, the shares have traded as low as $15.89 and as high as $27.09. On average, 2560740 shares of ABB exchange hands on a given day and today's volume is recorded at 1668164. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $20.43 area where the stock may encounter resistance. The stock has insider ownership of -999.99%.

Shares of Hatteras Financial Corp (HTS) fell by 0.21% or $-0.06/share to $28.28. In the past year, the shares have traded as low as $20.91 and as high as $28.42. On average, 1178150 shares of HTS exchange hands on a given day and today's volume is recorded at 358888. 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 $27.48 area where the stock will likely see buying pressure. The stock has insider ownership of 0.05%.

Shares of Endeavour International Corporation (END) fell by 2.46% or $-0.30/share to $11.89. In the past year, the shares have traded as low as $5.80 and as high as $16.43. On average, 571200 shares of END exchange hands on a given day and today's volume is recorded at 153836. 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 $11.63 area where the stock will likely see buying pressure. The stock has insider ownership of 13.42%.