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Thursday, March 29, 2012

Recent Insider Buying Detected: (CBRL), (FUN), (CHRS), (SRZ), (BAS)

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) fell by 0.25% or $-0.14/share to $56.06. In the past year, the shares have traded as low as $36.91 and as high as $59.90. On average, 236560 shares of CBRL exchange hands on a given day and today's volume is recorded at 54884. 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 $54.75 area where the stock will likely see buying pressure. The stock has insider ownership of 2.35%.

Shares of Cedar Fair, L.P. (FUN) traded higher by 0.07% or $0.02/share to $29.41. In the past year, the shares have traded as low as $15.62 and as high as $29.98. On average, 269910 shares of FUN exchange hands on a given day and today's volume is recorded at 85563. 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 $27.50 area where the stock will likely see buying pressure. The stock has insider ownership of 2.69%.

Shares of Charming Shoppes Inc. (CHRS) traded higher by 6.57% or $0.37/share to $6.0. In the past year, the shares have traded as low as $2.29 and as high as $6.08. On average, 1507350 shares of CHRS exchange hands on a given day and today's volume is recorded at 2909298. 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 $5.46 area where the stock will likely see buying pressure. The stock has insider ownership of 4.91%.

Shares of Sunrise Senior Living Inc. (SRZ) traded higher by 0.78% or $0.05/share to $6.44. In the past year, the shares have traded as low as $3.68 and as high as $12.44. On average, 617980 shares of SRZ exchange hands on a given day and today's volume is recorded at 449950. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.75 area where the stock may encounter resistance. The stock has insider ownership of 3.53%.

Shares of Basic Energy Services, Inc. (BAS) fell by 2.49% or $-0.43/share to $16.85. In the past year, the shares have traded as low as $12.49 and as high as $37.79. On average, 1445960 shares of BAS exchange hands on a given day and today's volume is recorded at 238798. 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 $18.43 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 5.54%.