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Wednesday, May 9, 2012

Insider Buying In These Names: (ERIE), (EMR), (VHI), (TQNT), (DCOM)

Shares of Erie Indemnity Co. (ERIE) traded higher by 1.04% or $0.72/share to $70.28. In the past year, the shares have traded as low as $61.28 and as high as $80.26. On average, 34970 shares of ERIE exchange hands on a given day and today's volume is recorded at 8700. 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 $74.00 area where the stock may encounter resistance. The stock has insider ownership of 14.56%.

Shares of Emerson Electric Co. (EMR) fell by 1.73% or $-0.85/share to $48.31. In the past year, the shares have traded as low as $38.88 and as high as $57.11. On average, 4054100 shares of EMR exchange hands on a given day and today's volume is recorded at 2628586. 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 $50.75 represents resistance and the 200-day moving average of $48.27 would be an area of support. The stock has insider ownership of 0.37%.

Shares of Valhi, Inc. (VHI) fell by 0.55% or $-0.28/share to $51.07. In the past year, the shares have traded as low as $31.92 and as high as $64.79. On average, 13560 shares of VHI exchange hands on a given day and today's volume is recorded at 2908. 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 $53.30 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.43%.

Shares of TriQuint Semiconductor, Inc. (TQNT) traded higher by 1.01% or $0.05/share to $5.0. In the past year, the shares have traded as low as $3.97 and as high as $14.13. On average, 5917350 shares of TQNT exchange hands on a given day and today's volume is recorded at 2042416. 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 $5.95 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.42%.

Shares of Dime Community Bancshares Inc. (DCOM) fell by 0.59% or $-0.08/share to $13.58. In the past year, the shares have traded as low as $9.30 and as high as $14.86. On average, 100170 shares of DCOM exchange hands on a given day and today's volume is recorded at 41719. 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 $13.98 represents resistance and the 200-day moving average of $12.43 would be an area of support. The stock has insider ownership of 5.87%.