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Tuesday, November 15, 2011

A Bullish Sign - Insider Buying: (AXL), (ATR), (FST), (CMC), (MDCA)

Shares of American Axle & Manufacturing Holdings Inc. (AXL) traded higher by 1.11% or $0.10/share to $9.1. In the past year, the shares have traded as low as $6.77 and as high as $16.20. On average, 2330630 shares of AXL exchange hands on a given day and today's volume is recorded at 754116. 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 $10.82 represents resistance and the 50-day moving average of $8.54 would be an area of support. The stock has insider ownership of 0.08%.

Shares of AptarGroup, Inc. (ATR) traded higher by 1.12% or $0.54/share to $48.72. In the past year, the shares have traded as low as $41.79 and as high as $54.18. On average, 221520 shares of ATR exchange hands on a given day and today's volume is recorded at 66858. 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 $49.24 represents resistance and the 50-day moving average of $47.47 would be an area of support. The stock has insider ownership of 0.02%.

Shares of Forest Oil Corp. (FST) traded higher by 3.79% or $0.58/share to $15.87. In the past year, the shares have traded as low as $8.88 and as high as $40.23. On average, 5025500 shares of FST exchange hands on a given day and today's volume is recorded at 2518355. 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 $26.06 represents resistance and the 50-day moving average of $14.43 would be an area of support. The stock has insider ownership of 0.9%.

Shares of Commercial Metals Company (CMC) traded higher by 4.14% or $0.54/share to $13.59. In the past year, the shares have traded as low as $8.55 and as high as $17.73. On average, 1547480 shares of CMC exchange hands on a given day and today's volume is recorded at 671809. 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 $13.77 represents resistance and the 50-day moving average of $11.19 would be an area of support. The stock has insider ownership of 0.56%.

Shares of MDC Partners Inc. (MDCA) traded higher by 0.14% or $0.02/share to $14.49. In the past year, the shares have traded as low as $12.51 and as high as $20.62. On average, 131070 shares of MDCA exchange hands on a given day and today's volume is recorded at 39531. 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 $15.41 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 16.5%.