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Monday, July 16, 2012

Insider Selling In These Stocks: (PENN), (CBG), (TITN), (DFS), (SCSC)

Shares of Penn National Gaming Inc. (PENN) traded higher by 0.21% or $0.09/share to $42.11. In the past year, the shares have traded as low as $31.68 and as high as $46.55. On average, 610940 shares of PENN exchange hands on a given day and today's volume is recorded at 118046. 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 $44.32 represents resistance and the 200-day moving average of $40.80 would be an area of support. The stock has insider ownership of 11.59%.

Shares of CBRE Group, Inc (CBG) fell by 0.76% or $-0.12/share to $15.66. In the past year, the shares have traded as low as $12.30 and as high as $23.92. On average, 2881690 shares of CBG exchange hands on a given day and today's volume is recorded at 895355. 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 $16.29 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.53%.

Shares of Titan Machinery, Inc. (TITN) fell by 0.85% or $-0.27/share to $31.4. In the past year, the shares have traded as low as $15.58 and as high as $36.92. On average, 554170 shares of TITN exchange hands on a given day and today's volume is recorded at 179536. 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 $30.23 area where the stock will likely see buying pressure. The stock has insider ownership of 0.78%.

Shares of Discover Financial Services (DFS) traded higher by 0.61% or $0.21/share to $35.17. In the past year, the shares have traded as low as $20.25 and as high as $35.72. On average, 4848620 shares of DFS exchange hands on a given day and today's volume is recorded at 1738654. 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 $33.18 area where the stock will likely see buying pressure. The stock has insider ownership of 0.63%.

Shares of ScanSource, Inc. (SCSC) fell by 1.27% or $-0.37/share to $28.82. In the past year, the shares have traded as low as $27.20 and as high as $40.00. On average, 107600 shares of SCSC exchange hands on a given day and today's volume is recorded at 10124. 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 $30.85 area but be careful because the stock may face selling pressure at this level. The stock has insider ownership of 0.66%.