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Thursday, April 26, 2012

A Bullish Sign - Insider Buying: (FAST), (BLDR), (RAS), (ROP), (ISCA)

Shares of Fastenal Company (FAST) fell by 0.95% or $-0.45/share to $46.72. In the past year, the shares have traded as low as $28.92 and as high as $55.05. On average, 2347650 shares of FAST exchange hands on a given day and today's volume is recorded at 738019. 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 $51.63 represents resistance and the 200-day moving average of $41.43 would be an area of support. The stock has insider ownership of 8.12%.

Shares of Builders FirstSource, Inc. (BLDR) traded higher by 10.51% or $0.37/share to $3.89. In the past year, the shares have traded as low as $1.01 and as high as $4.55. On average, 339280 shares of BLDR exchange hands on a given day and today's volume is recorded at 167662. 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 $3.60 area where the stock will likely see buying pressure. The stock has insider ownership of 15.08%.

Shares of RAIT Financial Trust (RAS) fell by 1.75% or $-0.09/share to $4.78. In the past year, the shares have traded as low as $2.77 and as high as $7.71. On average, 660800 shares of RAS exchange hands on a given day and today's volume is recorded at 161366. 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 $5.15 represents resistance and the 200-day moving average of $4.63 would be an area of support. The stock has insider ownership of 1.2%.

Shares of Roper Industries Inc. (ROP) fell by 0.16% or $-0.16/share to $101.08. In the past year, the shares have traded as low as $64.60 and as high as $101.45. On average, 589200 shares of ROP exchange hands on a given day and today's volume is recorded at 340666. 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 $96.84 area where the stock will likely see buying pressure. The stock has insider ownership of 1.37%.

Shares of International Speedway Corp. (ISCA) traded higher by 0.48% or $0.13/share to $26.6. In the past year, the shares have traded as low as $20.08 and as high as $30.90. On average, 163570 shares of ISCA exchange hands on a given day and today's volume is recorded at 27813. 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 $26.39 area where the stock will likely see buying pressure. The stock has insider ownership of 0.61%.