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Thursday, May 3, 2012

Stocks Having Recent Insider Buying: (GCI), (ABG), (OPK), (WIRE), (RAS)

Shares of Gannett Co., Inc. (GCI) fell by 1.43% or $-0.20/share to $13.82. In the past year, the shares have traded as low as $8.12 and as high as $16.04. On average, 3742330 shares of GCI exchange hands on a given day and today's volume is recorded at 675859. 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 $14.68 represents resistance and the 200-day moving average of $12.54 would be an area of support. The stock has insider ownership of 0.09%.

Shares of Asbury Automotive Group, Inc. (ABG) fell by 1.44% or $-0.41/share to $28.04. In the past year, the shares have traded as low as $14.96 and as high as $29.62. On average, 420450 shares of ABG exchange hands on a given day and today's volume is recorded at 130883. 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 $27.02 area where the stock will likely see buying pressure. The stock has insider ownership of 2.81%.

Shares of Opko Health, Inc. (OPK) fell by 1.72% or $-0.08/share to $4.57. In the past year, the shares have traded as low as $3.15 and as high as $5.85. On average, 1823180 shares of OPK exchange hands on a given day and today's volume is recorded at 336212. 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 $4.75 area where the stock may encounter resistance. The stock has insider ownership of 7.56%.

Shares of Encore Wire Corp. (WIRE) fell by 0.04% or $-0.01/share to $24.9. In the past year, the shares have traded as low as $19.64 and as high as $30.72. On average, 86840 shares of WIRE exchange hands on a given day and today's volume is recorded at 36176. 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 $25.41 area where the stock may encounter resistance. The stock has insider ownership of 24.12%.

Shares of RAIT Financial Trust (RAS) fell by 7.1% or $-0.35/share to $4.58. In the past year, the shares have traded as low as $2.77 and as high as $6.92. On average, 664090 shares of RAS exchange hands on a given day and today's volume is recorded at 1109710. 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 $4.60 area where the stock may encounter resistance. The stock has insider ownership of 1.2%.