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Tuesday, July 31, 2012

A Bullish Sign - Insider Buying: (PICO), (ORI), (VMW), (VHI), (ING)

Shares of PICO Holdings Inc. (PICO) traded higher by 0.83% or $0.20/share to $24.27. In the past year, the shares have traded as low as $18.56 and as high as $27.85. On average, 87530 shares of PICO exchange hands on a given day and today's volume is recorded at 33424. 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 $22.49 area where the stock will likely see buying pressure. The stock has insider ownership of 0.43%.

Shares of Old Republic International Corp. (ORI) traded higher by 1.12% or $0.09/share to $7.95. In the past year, the shares have traded as low as $6.76 and as high as $11.01. On average, 3424450 shares of ORI exchange hands on a given day and today's volume is recorded at 1876150. 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 $9.04 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.45%.

Shares of VMware, Inc. (VMW) fell by 1.01% or $-0.93/share to $91.44. In the past year, the shares have traded as low as $74.69 and as high as $118.78. On average, 2105990 shares of VMW exchange hands on a given day and today's volume is recorded at 1053222. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $96.34 represents resistance and the 50-day moving average of $90.58 would be an area of support. The stock has insider ownership of 31.29%.

Shares of Valhi, Inc. (VHI) fell by 1.6% or $-0.18/share to $11.1. In the past year, the shares have traded as low as $10.67 and as high as $21.52. On average, 41100 shares of VHI exchange hands on a given day and today's volume is recorded at 12856. 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 $13.06 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.52%.

Shares of ING Groep NV (ING) remained unchanged at $6.6. In the past year, the shares have traded as low as $5.51 and as high as $11.14. On average, 3688200 shares of ING exchange hands on a given day and today's volume is recorded at 1459176. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $7.54 represents resistance and the 50-day moving average of $6.17 would be an area of support. The stock has insider ownership of -999.99%.