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Monday, August 6, 2012

Recent Insider Buying Detected: (UBSH), (GE), (ADM), (FRME), (ED)

Shares of Union First Market Bankshares Corporation (UBSH) traded higher by 1.0% or $0.15/share to $15.2. In the past year, the shares have traded as low as $9.77 and as high as $15.49. On average, 50160 shares of UBSH exchange hands on a given day and today's volume is recorded at 21289. 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 $14.55 area where the stock will likely see buying pressure. The stock has insider ownership of 2.89%.

Shares of General Electric Company (GE) traded higher by 0.63% or $0.13/share to $21.09. In the past year, the shares have traded as low as $13.64 and as high as $21.00. On average, 51411450 shares of GE exchange hands on a given day and today's volume is recorded at 21530072. 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 $19.72 area where the stock will likely see buying pressure. The stock has insider ownership of 0.01%.

Shares of Archer Daniels Midland Company (ADM) traded higher by 0.9% or $0.23/share to $25.77. In the past year, the shares have traded as low as $23.30 and as high as $33.80. On average, 5240480 shares of ADM exchange hands on a given day and today's volume is recorded at 3085714. 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 $29.12 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.16%.

Shares of First Merchants Corp. (FRME) traded higher by 0.92% or $0.13/share to $14.31. In the past year, the shares have traded as low as $6.60 and as high as $14.39. On average, 101800 shares of FRME exchange hands on a given day and today's volume is recorded at 86055. 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 $12.43 area where the stock will likely see buying pressure. The stock has insider ownership of 1.35%.

Shares of Consolidated Edison Inc. (ED) traded higher by 0.2% or $0.13/share to $64.79. In the past year, the shares have traded as low as $47.17 and as high as $65.98. On average, 1442490 shares of ED exchange hands on a given day and today's volume is recorded at 647626. 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 $62.42 area where the stock will likely see buying pressure. The stock has insider ownership of 0.23%.