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Wednesday, June 20, 2012

Insider Buying In These Names: (HERO), (ONB), (AIR), (GLP), (TY)

Shares of Hercules Offshore, Inc. (HERO) traded higher by 5.49% or $0.18/share to $3.46. In the past year, the shares have traded as low as $2.25 and as high as $5.60. On average, 4440350 shares of HERO exchange hands on a given day and today's volume is recorded at 2765688. 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 $4.09 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 2.09%.

Shares of Old National Bancorp. (ONB) traded higher by 0.43% or $0.05/share to $11.73. In the past year, the shares have traded as low as $8.42 and as high as $13.20. On average, 475200 shares of ONB exchange hands on a given day and today's volume is recorded at 71647. 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 $12.00 represents resistance and the 200-day moving average of $11.47 would be an area of support. The stock has insider ownership of 1.05%.

Shares of AAR Corp. (AIR) traded higher by 6.64% or $0.74/share to $11.89. In the past year, the shares have traded as low as $10.00 and as high as $31.26. On average, 498860 shares of AIR exchange hands on a given day and today's volume is recorded at 485811. 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 $13.87 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 3.55%.

Shares of Global Partners LP (GLP) fell by 1.2% or $-0.25/share to $20.58. In the past year, the shares have traded as low as $13.79 and as high as $24.87. On average, 42320 shares of GLP exchange hands on a given day and today's volume is recorded at 18403. 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 $20.73 area where the stock may encounter resistance. The stock has insider ownership of 22.99%.

Shares of Tri-Continental Corporation (TY) fell by 0.33% or $-0.05/share to $15.25. In the past year, the shares have traded as low as $11.69 and as high as $15.98. On average, 43150 shares of TY exchange hands on a given day and today's volume is recorded at 12475. 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 $15.16 area where the stock will likely see buying pressure. The stock has insider ownership of -999.99%.