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Tuesday, June 12, 2012

Insider Buying In These Names: (UFCS), (AXL), (CPF), (CONN), (TEX)

Shares of United Fire & Casualty Company (UFCS) traded higher by 0.57% or $0.12/share to $21.02. In the past year, the shares have traded as low as $14.35 and as high as $22.31. On average, 64280 shares of UFCS exchange hands on a given day and today's volume is recorded at 18994. 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 $18.77 area where the stock will likely see buying pressure. The stock has insider ownership of 1.0%.

Shares of American Axle & Manufacturing Holdings Inc. (AXL) traded higher by 1.31% or $0.12/share to $9.3. In the past year, the shares have traded as low as $6.77 and as high as $13.08. On average, 1463920 shares of AXL exchange hands on a given day and today's volume is recorded at 813340. 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 $9.94 area where the stock may encounter resistance. The stock has insider ownership of 1.12%.

Shares of Central Pacific Financial Corp. (CPF) traded higher by 4.69% or $0.61/share to $13.61. In the past year, the shares have traded as low as $9.37 and as high as $14.78. On average, 78850 shares of CPF exchange hands on a given day and today's volume is recorded at 52009. 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 $13.24 area where the stock will likely see buying pressure. The stock has insider ownership of 0.3%.

Shares of Conns Inc. (CONN) traded higher by 2.17% or $0.36/share to $16.93. In the past year, the shares have traded as low as $4.97 and as high as $19.83. On average, 347110 shares of CONN exchange hands on a given day and today's volume is recorded at 101426. 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 $17.33 represents resistance and the 200-day moving average of $12.39 would be an area of support. The stock has insider ownership of 1.48%.

Shares of Terex Corp. (TEX) traded higher by 2.83% or $0.46/share to $16.73. In the past year, the shares have traded as low as $9.30 and as high as $29.87. On average, 4148000 shares of TEX exchange hands on a given day and today's volume is recorded at 1872281. 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 $18.13 area where the stock may encounter resistance. The stock has insider ownership of 3.5%.