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Wednesday, September 19, 2012

Recent Insider Buying Detected: (CDE), (HOTT), (PICO), (VNR), (BAS)

Shares of Coeur d'Alene Mines Corporation (CDE) fell by 0.28% or $-0.08/share to $28.77. In the past year, the shares have traded as low as $15.15 and as high as $30.88. On average, 1614700 shares of CDE exchange hands on a given day and today's volume is recorded at 1545017. 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 $22.42 area. The stock has insider ownership of 0.17%.

Shares of Hot Topic Inc. (HOTT) traded higher by 3.38% or $0.30/share to $9.18. In the past year, the shares have traded as low as $6.27 and as high as $10.62. On average, 577510 shares of HOTT exchange hands on a given day and today's volume is recorded at 176055. 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 $9.62 represents resistance and the 200-day moving average of $8.95 would be an area of support. The stock has insider ownership of 0.95%.

Shares of PICO Holdings Inc. (PICO) traded higher by 0.13% or $0.03/share to $22.85. In the past year, the shares have traded as low as $18.56 and as high as $25.22. On average, 89170 shares of PICO exchange hands on a given day and today's volume is recorded at 14499. 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 $23.00 represents resistance and the 200-day moving average of $22.49 would be an area of support. The stock has insider ownership of 0.14%.

Shares of Vanguard Natural Resources, LLC (VNR) fell by 0.12% or $-0.03/share to $28.38. In the past year, the shares have traded as low as $19.96 and as high as $28.94. On average, 405460 shares of VNR exchange hands on a given day and today's volume is recorded at 261852. 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 $27.85 area where the stock will likely see buying pressure. The stock has insider ownership of 0.14%.

Shares of Basic Energy Services, Inc. (BAS) traded higher by 0.63% or $0.08/share to $12.72. In the past year, the shares have traded as low as $8.52 and as high as $23.41. On average, 1568940 shares of BAS exchange hands on a given day and today's volume is recorded at 712035. 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 $14.69 represents resistance and the 50-day moving average of $11.23 would be an area of support. The stock has insider ownership of 6.0%.