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Wednesday, July 4, 2012

Insider Buying In These Names: (ETE), (THFF), (WOR), (GPX), (GDP)

Shares of Energy Transfer Equity, L.P. (ETE) traded higher by 0.52% or $0.21/share to $40.92. In the past year, the shares have traded as low as $29.39 and as high as $43.82. On average, 1108050 shares of ETE exchange hands on a given day and today's volume is recorded at 539228. 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 $38.87 area where the stock will likely see buying pressure. The stock has insider ownership of 24.23%.

Shares of First Financial Corp. (THFF) traded higher by 1.96% or $0.58/share to $30.14. In the past year, the shares have traded as low as $25.26 and as high as $36.69. On average, 31880 shares of THFF exchange hands on a given day and today's volume is recorded at 21959. 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 $30.79 represents resistance and the 50-day moving average of $28.57 would be an area of support. The stock has insider ownership of 2.62%.

Shares of Worthington Industries, Inc. (WOR) traded higher by 3.83% or $0.79/share to $21.43. In the past year, the shares have traded as low as $12.57 and as high as $23.05. On average, 694480 shares of WOR exchange hands on a given day and today's volume is recorded at 1015805. 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 $17.21 area where the stock will likely see buying pressure. The stock has insider ownership of 2.52%.

Shares of GP Strategies Corp. (GPX) traded higher by 1.17% or $0.22/share to $18.99. In the past year, the shares have traded as low as $9.16 and as high as $18.82. On average, 58150 shares of GPX exchange hands on a given day and today's volume is recorded at 47486. 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 $16.23 area where the stock will likely see buying pressure. The stock has insider ownership of 2.44%.

Shares of Goodrich Petroleum Corp. (GDP) traded higher by 4.85% or $0.70/share to $15.12. In the past year, the shares have traded as low as $9.91 and as high as $21.00. On average, 1473670 shares of GDP exchange hands on a given day and today's volume is recorded at 867810. 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 $15.41 represents resistance and the 50-day moving average of $14.50 would be an area of support. The stock has insider ownership of 15.46%.