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Monday, May 21, 2012

Recent Insider Buying Detected: (AMD), (TC), (EIG), (AN), (NL)

Shares of Advanced Micro Devices, Inc. (AMD) traded higher by 4.66% or $0.28/share to $6.29. In the past year, the shares have traded as low as $4.31 and as high as $8.71. On average, 16335680 shares of AMD exchange hands on a given day and today's volume is recorded at 8555686. 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 $6.42 area where the stock may encounter resistance. The stock has insider ownership of 0.13%.

Shares of Thompson Creek Metals Company Inc. (TC) traded higher by 3.06% or $0.11/share to $3.71. In the past year, the shares have traded as low as $3.50 and as high as $11.11. On average, 2759670 shares of TC exchange hands on a given day and today's volume is recorded at 1264553. 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 $6.04 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.01%.

Shares of Employers Holdings, Inc. (EIG) traded higher by 1.49% or $0.25/share to $17.03. In the past year, the shares have traded as low as $10.61 and as high as $18.86. On average, 172960 shares of EIG exchange hands on a given day and today's volume is recorded at 68906. 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 $17.11 represents resistance and the 200-day moving average of $15.90 would be an area of support. The stock has insider ownership of 1.52%.

Shares of AutoNation Inc. (AN) traded higher by 1.37% or $0.47/share to $34.85. In the past year, the shares have traded as low as $30.46 and as high as $41.55. On average, 986330 shares of AN exchange hands on a given day and today's volume is recorded at 239995. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $35.57 represents resistance and the 50-day moving average of $34.42 would be an area of support. The stock has insider ownership of 7.25%.

Shares of NL Industries Inc. (NL) traded higher by 3.18% or $0.39/share to $12.67. In the past year, the shares have traded as low as $11.31 and as high as $19.36. On average, 24430 shares of NL exchange hands on a given day and today's volume is recorded at 11435. 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 $13.61 area where the stock may encounter resistance. The stock has insider ownership of 2.16%.