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Thursday, July 12, 2012

Recent Insider Buying Detected: (BBBY), (NKE), (MWIV), (UFCS), (FRME)

Shares of Bed Bath & Beyond Inc. (BBBY) fell by 0.3% or $-0.18/share to $60.33. In the past year, the shares have traded as low as $48.75 and as high as $75.84. On average, 2842770 shares of BBBY exchange hands on a given day and today's volume is recorded at 1939700. 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 $63.64 area where the stock may encounter resistance. The stock has insider ownership of 1.54%.

Shares of Nike Inc. (NKE) fell by 0.48% or $-0.44/share to $91.82. In the past year, the shares have traded as low as $75.91 and as high as $114.43. On average, 3074510 shares of NKE exchange hands on a given day and today's volume is recorded at 3740939. 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 $100.59 area where the stock may encounter resistance. The stock has insider ownership of 0.19%.

Shares of MWI Veterinary Supply, Inc. (MWIV) fell by 1.81% or $-1.95/share to $105.52. In the past year, the shares have traded as low as $61.01 and as high as $109.56. On average, 72260 shares of MWIV exchange hands on a given day and today's volume is recorded at 75416. 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 $96.20 area where the stock will likely see buying pressure. The stock has insider ownership of 3.02%.

Shares of United Fire & Casualty Company (UFCS) fell by 1.13% or $-0.25/share to $21.96. In the past year, the shares have traded as low as $14.35 and as high as $22.39. On average, 64739 shares of UFCS exchange hands on a given day and today's volume is recorded at 40018. 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 $20.81 area where the stock will likely see buying pressure. The stock has insider ownership of 1.0%.

Shares of First Merchants Corp. (FRME) fell by 1.56% or $-0.20/share to $12.59. In the past year, the shares have traded as low as $6.60 and as high as $12.99. On average, 107000 shares of FRME exchange hands on a given day and today's volume is recorded at 110105. 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 $12.11 area where the stock will likely see buying pressure. The stock has insider ownership of 1.35%.