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Friday, May 11, 2012

Recent Insider Buying Detected: (FAST), (MCF), (NIHD), (HEK), (GNW)

Shares of Fastenal Company (FAST) traded higher by 0.23% or $0.10/share to $44.24. In the past year, the shares have traded as low as $28.81 and as high as $54.86. On average, 2539600 shares of FAST exchange hands on a given day and today's volume is recorded at 1106784. 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 $50.16 represents resistance and the 200-day moving average of $41.93 would be an area of support. The stock has insider ownership of 8.12%.

Shares of Contango Oil & Gas Co. (MCF) traded higher by 1.92% or $1.04/share to $55.13. In the past year, the shares have traded as low as $51.54 and as high as $69.75. On average, 82460 shares of MCF exchange hands on a given day and today's volume is recorded at 42593. 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 $57.97 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.49%.

Shares of NII Holdings Inc. (NIHD) traded higher by 2.14% or $0.27/share to $12.87. In the past year, the shares have traded as low as $12.20 and as high as $44.11. On average, 3812100 shares of NIHD exchange hands on a given day and today's volume is recorded at 819402. 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 $16.95 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.98%.

Shares of Heckmann Corporation (HEK) traded higher by 6.28% or $0.23/share to $3.89. In the past year, the shares have traded as low as $3.39 and as high as $7.05. On average, 3576670 shares of HEK exchange hands on a given day and today's volume is recorded at 3347400. 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 $4.28 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.26%.

Shares of Genworth Financial Inc. (GNW) traded higher by 3.09% or $0.18/share to $5.84. In the past year, the shares have traded as low as $4.80 and as high as $11.70. On average, 11704930 shares of GNW exchange hands on a given day and today's volume is recorded at 3962980. 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 $7.00 area where the stock may encounter resistance. The stock has insider ownership of 0.03%.