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Wednesday, April 25, 2012

Insider Buying In These Names: (ROP), (RLI), (EVEP), (RAS), (CVBF)

Shares of Roper Industries Inc. (ROP) traded higher by 1.98% or $1.96/share to $100.76. In the past year, the shares have traded as low as $64.60 and as high as $100.91. On average, 586130 shares of ROP exchange hands on a given day and today's volume is recorded at 323311. 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 $96.69 area where the stock will likely see buying pressure. The stock has insider ownership of 1.37%.

Shares of RLI Corp. (RLI) traded higher by 1.08% or $0.74/share to $69.11. In the past year, the shares have traded as low as $51.47 and as high as $74.71. On average, 103870 shares of RLI exchange hands on a given day and today's volume is recorded at 39566. 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 $70.57 represents resistance and the 200-day moving average of $65.68 would be an area of support. The stock has insider ownership of 1.94%.

Shares of EV Energy Partners LP (EVEP) traded higher by 0.57% or $0.36/share to $62.88. In the past year, the shares have traded as low as $46.05 and as high as $77.05. On average, 368010 shares of EVEP exchange hands on a given day and today's volume is recorded at 65811. 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 $67.22 area where the stock may encounter resistance. The stock has insider ownership of 0.76%.

Shares of RAIT Financial Trust (RAS) fell by 2.22% or $-0.11/share to $4.85. In the past year, the shares have traded as low as $2.77 and as high as $7.70. On average, 662030 shares of RAS exchange hands on a given day and today's volume is recorded at 263002. 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 $5.16 represents resistance and the 200-day moving average of $4.64 would be an area of support. The stock has insider ownership of 1.2%.

Shares of CVB Financial Corp. (CVBF) traded higher by 1.72% or $0.20/share to $11.86. In the past year, the shares have traded as low as $7.17 and as high as $11.88. On average, 834250 shares of CVBF exchange hands on a given day and today's volume is recorded at 344260. 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 $11.21 area where the stock will likely see buying pressure. The stock has insider ownership of 0.36%.