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Monday, April 30, 2012

Recent Insider Buying Detected: (FAST), (OZRK), (BLDR), (UBSH), (BAS)

Shares of Fastenal Company (FAST) fell by 1.37% or $-0.65/share to $47.03. In the past year, the shares have traded as low as $28.91 and as high as $55.04. On average, 2346230 shares of FAST exchange hands on a given day and today's volume is recorded at 639868. 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 $51.48 represents resistance and the 200-day moving average of $41.56 would be an area of support. The stock has insider ownership of 8.12%.

Shares of Bank of the Ozarks, Inc. (OZRK) fell by 0.99% or $-0.31/share to $31.12. In the past year, the shares have traded as low as $18.91 and as high as $32.13. On average, 218910 shares of OZRK exchange hands on a given day and today's volume is recorded at 54872. 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 $30.53 area where the stock will likely see buying pressure. The stock has insider ownership of 6.72%.

Shares of Builders FirstSource, Inc. (BLDR) fell by 2.13% or $-0.09/share to $4.13. In the past year, the shares have traded as low as $1.01 and as high as $4.55. On average, 348970 shares of BLDR exchange hands on a given day and today's volume is recorded at 94092. 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 $3.65 area where the stock will likely see buying pressure. The stock has insider ownership of 15.08%.

Shares of Union First Market Bankshares Corporation (UBSH) fell by 1.65% or $-0.24/share to $14.29. In the past year, the shares have traded as low as $9.82 and as high as $14.93. On average, 33020 shares of UBSH exchange hands on a given day and today's volume is recorded at 1820. 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 $14.02 area where the stock will likely see buying pressure. The stock has insider ownership of 3.45%.

Shares of Basic Energy Services, Inc. (BAS) fell by 0.07% or $-0.01/share to $14.36. In the past year, the shares have traded as low as $12.49 and as high as $37.79. On average, 1402350 shares of BAS exchange hands on a given day and today's volume is recorded at 291068. 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 $17.34 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 5.27%.