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Thursday, July 19, 2012

Recent Insider Buying Detected: (TGT), (AES), (ITT), (SFD), (FFBC)

Shares of Target Corp. (TGT) fell by 0.55% or $-0.34/share to $61.05. In the past year, the shares have traded as low as $44.25 and as high as $62.18. On average, 5277570 shares of TGT exchange hands on a given day and today's volume is recorded at 2378373. 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 $57.70 area where the stock will likely see buying pressure. The stock has insider ownership of 0.13%.

Shares of The AES Corporation (AES) traded higher by 1.86% or $0.23/share to $12.85. In the past year, the shares have traded as low as $9.00 and as high as $14.02. On average, 5310080 shares of AES exchange hands on a given day and today's volume is recorded at 4537673. 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 $12.40 area where the stock will likely see buying pressure. The stock has insider ownership of 0.11%.

Shares of ITT Corporation (ITT) traded higher by 2.67% or $0.49/share to $18.84. In the past year, the shares have traded as low as $16.46 and as high as $111.81. On average, 1145220 shares of ITT exchange hands on a given day and today's volume is recorded at 1010655. 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 $19.39 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.73%.

Shares of Smithfield Foods Inc. (SFD) traded higher by 0.11% or $0.02/share to $18.57. In the past year, the shares have traded as low as $17.75 and as high as $25.12. On average, 2492070 shares of SFD exchange hands on a given day and today's volume is recorded at 2582575. 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 $19.97 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.19%.

Shares of First Financial Bancorp. (FFBC) fell by 1.31% or $-0.22/share to $16.55. In the past year, the shares have traded as low as $12.16 and as high as $17.73. On average, 221960 shares of FFBC exchange hands on a given day and today's volume is recorded at 67341. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $16.05 area. The stock has insider ownership of 1.3%.