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Thursday, October 6, 2011

Recent Insider Selling Detected: (DECK), (MGLN), (STMP), (SCS), (MMS)

Shares of Deckers Outdoor Corp. (DECK) traded higher by 2.63% or $2.56/share to $99.78. In the past year, the shares have traded as low as $47.80 and as high as $105.83. On average, 1430990 shares of DECK exchange hands on a given day and today's volume is recorded at 399601. 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 $91.52 area where the stock will likely see buying pressure. The stock has insider ownership of 3.92%.

Shares of Magellan Health Services Inc. (MGLN) fell by 0.68% or $-0.33/share to $47.87. In the past year, the shares have traded as low as $41.10 and as high as $56.76. On average, 248400 shares of MGLN exchange hands on a given day and today's volume is recorded at 49085. 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 $49.53 represents resistance and the 50-day moving average of $47.28 would be an area of support. The stock has insider ownership of 0.59%.

Shares of Stamps.com Inc. (STMP) traded higher by 2.32% or $0.53/share to $23.4. In the past year, the shares have traded as low as $10.95 and as high as $25.24. On average, 263490 shares of STMP exchange hands on a given day and today's volume is recorded at 105194. 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 $18.62 area where the stock will likely see buying pressure. The stock has insider ownership of 3.04%.

Shares of Steelcase Inc. (SCS) traded higher by 1.24% or $0.09/share to $7.33. In the past year, the shares have traded as low as $5.35 and as high as $11.94. On average, 1067170 shares of SCS exchange hands on a given day and today's volume is recorded at 67725. 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 $7.43 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.46%.

Shares of MAXIMUS, Inc. (MMS) traded higher by 0.14% or $0.05/share to $35.73. In the past year, the shares have traded as low as $28.69 and as high as $42.67. On average, 240400 shares of MMS exchange hands on a given day and today's volume is recorded at 16593. 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 $36.21 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 1.69%.