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Wednesday, August 1, 2012

A Bullish Sign - Insider Buying: (IPGP), (NPBC), (ORI), (ASBC), (NEM)

Shares of IPG Photonics Corporation (IPGP) traded higher by 4.88% or $2.53/share to $54.36. In the past year, the shares have traded as low as $33.33 and as high as $68.90. On average, 624870 shares of IPGP exchange hands on a given day and today's volume is recorded at 600073. 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 $47.07 area. The stock has insider ownership of 4.69%.

Shares of National Penn Bancshares Inc. (NPBC) remained unchanged at $8.84. In the past year, the shares have traded as low as $5.95 and as high as $9.85. On average, 733070 shares of NPBC exchange hands on a given day and today's volume is recorded at 437626. 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 $9.09 represents resistance and the 200-day moving average of $8.67 would be an area of support. The stock has insider ownership of 1.08%.

Shares of Old Republic International Corp. (ORI) traded higher by 2.73% or $0.22/share to $8.28. In the past year, the shares have traded as low as $6.76 and as high as $11.01. On average, 3428690 shares of ORI exchange hands on a given day and today's volume is recorded at 1618577. 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 $9.03 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.45%.

Shares of Associated Banc-Corp (ASBC) traded higher by 0.56% or $0.07/share to $12.56. In the past year, the shares have traded as low as $8.67 and as high as $14.67. On average, 1139670 shares of ASBC exchange hands on a given day and today's volume is recorded at 327928. 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 $12.64 represents resistance and the 200-day moving average of $12.31 would be an area of support. The stock has insider ownership of 0.7%.

Shares of Newmont Mining Corp. (NEM) traded higher by 0.94% or $0.42/share to $44.89. In the past year, the shares have traded as low as $42.93 and as high as $71.10. On average, 6237710 shares of NEM exchange hands on a given day and today's volume is recorded at 4050062. 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 $47.85 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.19%.