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Thursday, May 17, 2012

A Bullish Sign - Insider Buying: (EVEP), (CTBI), (NPK), (AIMC), (WTI)

Shares of EV Energy Partners LP (EVEP) fell by 3.84% or $-2.13/share to $53.27. In the past year, the shares have traded as low as $45.48 and as high as $76.10. On average, 323560 shares of EVEP exchange hands on a given day and today's volume is recorded at 384299. 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 $65.07 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.76%.

Shares of Community Trust Bancorp Inc. (CTBI) traded higher by 0.24% or $0.08/share to $32.84. In the past year, the shares have traded as low as $21.81 and as high as $33.42. On average, 43710 shares of CTBI exchange hands on a given day and today's volume is recorded at 12485. 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 $31.68 area where the stock will likely see buying pressure. The stock has insider ownership of 1.29%.

Shares of National Presto Industries Inc. (NPK) traded higher by 0.49% or $0.32/share to $66.17. In the past year, the shares have traded as low as $65.80 and as high as $102.13. On average, 70870 shares of NPK exchange hands on a given day and today's volume is recorded at 23060. 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 $74.24 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 4.91%.

Shares of Altra Holdings, Inc. (AIMC) fell by 0.59% or $-0.10/share to $16.96. In the past year, the shares have traded as low as $10.12 and as high as $27.48. On average, 123830 shares of AIMC exchange hands on a given day and today's volume is recorded at 71257. 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 $17.01 area where the stock may encounter resistance. The stock has insider ownership of 3.86%.

Shares of W&T Offshore Inc. (WTI) fell by 0.85% or $-0.13/share to $15.09. In the past year, the shares have traded as low as $11.81 and as high as $29.06. On average, 725870 shares of WTI exchange hands on a given day and today's volume is recorded at 922938. 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 $20.11 area where the stock may encounter resistance. The stock has insider ownership of 53.26%.