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Monday, April 23, 2012

A Bullish Sign - Insider Buying: (UFCS), (OI), (FFBC), (WES), (DVN)

Shares of United Fire & Casualty Company (UFCS) fell by 0.99% or $-0.16/share to $16.07. In the past year, the shares have traded as low as $14.44 and as high as $21.05. On average, 53980 shares of UFCS exchange hands on a given day and today's volume is recorded at 21770. 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 $18.21 area where the stock may encounter resistance. The stock has insider ownership of 0.16%.

Shares of Owens-Illinois, Inc. (OI) fell by 1.33% or $-0.32/share to $23.67. In the past year, the shares have traded as low as $13.43 and as high as $33.32. On average, 1824570 shares of OI exchange hands on a given day and today's volume is recorded at 800684. 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 $23.83 represents resistance and the 200-day moving average of $20.99 would be an area of support. The stock has insider ownership of 0.55%.

Shares of First Financial Bancorp. (FFBC) fell by 1.46% or $-0.25/share to $16.85. In the past year, the shares have traded as low as $12.38 and as high as $18.05. On average, 237570 shares of FFBC exchange hands on a given day and today's volume is recorded at 69518. 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 $16.93 represents resistance and the 200-day moving average of $15.84 would be an area of support. The stock has insider ownership of 1.06%.

Shares of Western Gas Partners LP (WES) traded higher by 0.76% or $0.35/share to $46.27. In the past year, the shares have traded as low as $30.07 and as high as $47.97. On average, 203010 shares of WES exchange hands on a given day and today's volume is recorded at 51630. 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 $45.19 area where the stock will likely see buying pressure. The stock has insider ownership of 0.13%.

Shares of Devon Energy Corporation (DVN) traded higher by 1.23% or $0.80/share to $66.03. In the past year, the shares have traded as low as $50.47 and as high as $90.68. On average, 3711330 shares of DVN exchange hands on a given day and today's volume is recorded at 2417894. 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 $66.89 area where the stock may encounter resistance. The stock has insider ownership of 0.62%.