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Monday, April 23, 2012

Recent Insider Buying Detected: (USB), (NPBC), (RLI), (OZRK), (EVEP)

Shares of U.S. Bancorp (USB) fell by 0.61% or $-0.19/share to $31.1. In the past year, the shares have traded as low as $19.78 and as high as $32.03. On average, 11361900 shares of USB exchange hands on a given day and today's volume is recorded at 4106041. 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 $30.29 area where the stock will likely see buying pressure. The stock has insider ownership of 0.08%.

Shares of National Penn Bancshares Inc. (NPBC) fell by 1.09% or $-0.10/share to $9.04. In the past year, the shares have traded as low as $5.99 and as high as $9.42. On average, 700630 shares of NPBC exchange hands on a given day and today's volume is recorded at 350569. 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 $8.92 area where the stock will likely see buying pressure. The stock has insider ownership of 1.7%.

Shares of RLI Corp. (RLI) fell by 0.16% or $-0.11/share to $67.84. In the past year, the shares have traded as low as $51.47 and as high as $74.71. On average, 98950 shares of RLI exchange hands on a given day and today's volume is recorded at 112808. 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 $70.72 represents resistance and the 200-day moving average of $65.58 would be an area of support. The stock has insider ownership of 1.94%.

Shares of Bank of the Ozarks, Inc. (OZRK) fell by 0.29% or $-0.09/share to $30.88. In the past year, the shares have traded as low as $18.91 and as high as $32.13. On average, 215680 shares of OZRK exchange hands on a given day and today's volume is recorded at 232708. 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 $30.30 area where the stock will likely see buying pressure. The stock has insider ownership of 6.7%.

Shares of EV Energy Partners LP (EVEP) fell by 1.53% or $-0.97/share to $62.39. In the past year, the shares have traded as low as $46.04 and as high as $77.04. On average, 366460 shares of EVEP exchange hands on a given day and today's volume is recorded at 139567. 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 $67.16 area where the stock may encounter resistance. The stock has insider ownership of 0.76%.