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Wednesday, June 6, 2012

Stocks Having Recent Insider Buying: (AINV), (FFIN), (FRME), (UBSH), (FCH)

Shares of Apollo Investment Corporation (AINV) traded higher by 1.34% or $0.10/share to $7.56. In the past year, the shares have traded as low as $5.80 and as high as $9.64. On average, 1710720 shares of AINV exchange hands on a given day and today's volume is recorded at 726687. 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 $7.19 area where the stock will likely see buying pressure. The stock has insider ownership of 0.01%.

Shares of First Financial Bankshares Inc. (FFIN) traded higher by 1.66% or $0.51/share to $31.21. In the past year, the shares have traded as low as $24.21 and as high as $36.99. On average, 80550 shares of FFIN exchange hands on a given day and today's volume is recorded at 31950. 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 $31.96 area where the stock may encounter resistance. The stock has insider ownership of 0.89%.

Shares of First Merchants Corp. (FRME) traded higher by 1.61% or $0.18/share to $11.35. In the past year, the shares have traded as low as $6.60 and as high as $12.87. On average, 116960 shares of FRME exchange hands on a given day and today's volume is recorded at 22574. 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 $12.04 represents resistance and the 200-day moving average of $9.59 would be an area of support. The stock has insider ownership of 1.46%.

Shares of Union First Market Bankshares Corporation (UBSH) traded higher by 0.94% or $0.13/share to $13.96. In the past year, the shares have traded as low as $9.77 and as high as $14.84. On average, 37390 shares of UBSH exchange hands on a given day and today's volume is recorded at 5601. 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 $13.78 area where the stock will likely see buying pressure. The stock has insider ownership of 3.45%.

Shares of FelCor Lodging Trust Inc. (FCH) traded higher by 3.12% or $0.13/share to $4.3. In the past year, the shares have traded as low as $1.91 and as high as $6.06. On average, 871700 shares of FCH exchange hands on a given day and today's volume is recorded at 358923. 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 $4.17 area where the stock will likely see buying pressure. The stock has insider ownership of 3.02%.