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The following is a list of stocks in rally mode, i.e. trading above the 20-day, 50-day and 200-day moving averages. All of these stocks have, on average, seen more insider buying than insider selling over the last two years (excluding exercised options).

For each company we'll list the average number of shares purchased by insiders on the open market over the last two years. We'll also include a summary of recent developments for each company.

Insiders seem to be enthusiastic about the prospects of their employers. Do they know something we don't? Full details below.

Insider data sourced from Fidelity, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.

1. Barnes & Noble, Inc. (NYSE:BKS): Specialty Retail Industry. Market cap of $1.01B. The stock is currently 3.08% above its 20-day MA, 8.32% above its 50-day MA, and 2.14% above its 200-day MA. Insiders purchased an average of 2,717,381 shares per year over the last two years. Short float at 27.47%, which implies a short ratio of 14.73 days. The stock has lost -1.12% over the last year.

- Recent Developments: Failed to win dismissal of Spring Design Inc's lawsuit accusing the U.S. bookseller of illegally copying its dual display design for its Nook electronic book reader (Dec 2010). Issued Q2 2011 earnings outlook below analysts' estimates, and also lowered FY 2011 earnings outlook (Aug 2010)

2. Ormat Technologies Inc. (NYSE:ORA): Electric Utilities Industry. Market cap of $1.39B. The stock is currently 2.26% above its 20-day MA, 7.39% above its 50-day MA, and 7.01% above its 200-day MA. Insiders purchased an average of 853,539 shares per year over the last two years. Short float at 7.88%, which implies a short ratio of 12.85 days. The stock has lost -12.87% over the last year.

- Recent Developments: Nevada Geothermal Power Inc. and Ormat Technologies announced that they have agreed to become joint venture partners to develop geothermal power plants in Oregon (Jan 2011). Announced that it completed the official granting process for the 26,000 acre San Pablo II geothermal exploration concession in northern Chile (Dec 2010).

3. KAR Auction Services, Inc. (NYSE:KAR): Auto Dealerships Industry. Market cap of $1.94B. The stock is currently 1.72% above its 20-day MA, 8.73% above its 50-day MA, and 8.79% above its 200-day MA. Insiders purchased an average of 820,766 shares per year over the last two years. Short float at 2.92%, which implies a short ratio of 10.33 days. The stock has lost -0.07% over the last year.

- Recent Developments: Reaffirmed FY 2010 guidance (Nov 2010). Note that the company raised guidance in August 2010.

4. Prospect Capital Corporation (NASDAQ:PSEC): Asset Management Industry. Market cap of $948.49M. The stock is currently 4.08% above its 20-day MA, 10.07% above its 50-day MA, and 16.86% above its 200-day MA. Insiders purchased an average of 343,860 shares per year over the last two years. Short float at 4.49%, which implies a short ratio of 3.43 days. The stock has gained 3.27% over the last year.

- Recent Developments: Announced reaffirmation of investment grade ratings and increase in revolving credit facility (Dec 2010). Issued Q2 2011 EPS guidance in line with analysts' estimates (Nov 2010).

5. Immucor Inc. (NASDAQ:BLUD): Diagnostic Substances Industry. Market cap of $1.43B. The stock is currently 0.2% above its 20-day MA, 4.49% above its 50-day MA, and 6.16% above its 200-day MA. Insiders purchased an average of 317,500 shares per year over the last two years. Short float at 3.26%, which implies a short ratio of 3.57 days. The stock has gained 5.96% over the last year.

- Recent Developments: Reaffirmed FY 2011 guidance (Jan 2011). Announced that the United States Department of Justice, Antitrust Division, has informed Immucor that its investigation of the Company has been closed (Nov 2010).

6. Boston Private Financial Holdings Inc. (NASDAQ:BPFH): Regional Banks Industry. Market cap of $520.06M. The stock is currently 1.6% above its 20-day MA, 11.68% above its 50-day MA, and 2.4% above its 200-day MA. Insiders purchased an average of 207,478 shares per year over the last two years. Short float at 7.46%, which implies a short ratio of 7.48 days. The stock has lost -4.23% over the last year.

- Recent Developments: Announced the appointment of Stephen M. Waters as Non Executive Chairman of the Board of Directors (Aug 2010).

9. China Medical Technologies Inc. (CMED): Medical Instruments & Supplies Industry. Market cap of $403.7M. The stock is currently 5.65% above its 20-day MA, 4.61% above its 50-day MA, and 5.76% above its 200-day MA. Insiders purchased an average of 127,600 shares per year over the last two years. Short float at 19.97%, which implies a short ratio of 14.75 days. The stock has lost -8.69% over the last year.

- Recent Developments: Announced the closing of $150 million convertible senior note offering (Dec 2010). Issued Q3 2011 and FY 2011 guidance above analysts' estimates (Nov 2010)

10. Chiquita Brands International Inc. (NYSE:CQB): Farm Products Industry. Market cap of $702.68M. The stock is currently 11.31% above its 20-day MA, 21.08% above its 50-day MA, and 19.55% above its 200-day MA. Insiders purchased an average of 116,810 shares per year over the last two years. Short float at 10.74%, which implies a short ratio of 7.3 days. The stock has gained 3.37% over the last year.

- Recent Developments: Lowered FY 2010 guidance (Nov 2010).

11. Global Partners LP (NYSE:GLP): Basic Materials Wholesale Industry. Market cap of $477.23M. The stock is currently 5.14% above its 20-day MA, 8.22% above its 50-day MA, and 19.55% above its 200-day MA. Insiders purchased an average of 99,333 shares per year over the last two years. Short float at 0.32%, which implies a short ratio of 0.48 days. The stock has gained 12.59% over the last year.

- Recent Developments: Declared increased cash distribution for Q4 2010 (Jan 2011)

12. Cousins Properties Inc. (NYSE:CUZ): Diversified REIT Industry. Market cap of $872.36M. The stock is currently 2.19% above its 20-day MA, 7.17% above its 50-day MA, and 15.87% above its 200-day MA. Insiders purchased an average of 75,500 shares per year over the last two years. Short float at 4.08%, which implies a short ratio of 5.58 days. The stock has gained 10.68% over the last year.

- Recent Developments: Announced that it has returned to an all-cash dividend (Jan 2011). Announced that it has formed a partnership with Publix developer Watkins Retail Group, recapitalizing project debt on four existing Watkins Retail Group projects (Jan 2011). Announced that Gregg D. Adzema has been hired as Executive Vice President and Chief Financial Officer (Nov 2010).

13. Deer Consumer Products, Inc. (OTC:DEER): Home Furnishings & Fixtures Industry. Market cap of $371.84M. The stock is currently 0.25% above its 20-day MA, 0.36% above its 50-day MA, and 16.31% above its 200-day MA. Insiders purchased an average of 50,000 shares per year over the last two years. Short float at 12.26%, which implies a short ratio of 8.5 days. The stock has lost -3.23% over the last year.

- Recent Developments: Raised fiscal 2010 guidance (Nov 2010).

14. Mistras Group, Inc. (NYSE:MG): Technical Services Industry. Market cap of $392.7M. The stock is currently 7.15% above its 20-day MA, 17.27% above its 50-day MA, and 31.16% above its 200-day MA. Insiders purchased an average of 32,634 shares per year over the last two years. Short float at 2.45%, which implies a short ratio of 5.43 days. The stock has gained 3.15% over the last year.

- Recent Developments: Announced that it expects continued double digit growth in revenues and adjusted EBITDA for fiscal 2011, raising guidance (Jan 2011).

15. Headwaters Inc. (NYSE:HW): Conglomerates Industry. Market cap of $319.39M. The stock is currently 4.46% above its 20-day MA, 16.58% above its 50-day MA, and 34.82% above its 200-day MA. Insiders purchased an average of 24,626 shares per year over the last two years. Short float at 5.44%, which implies a short ratio of 6.37 days. The stock has lost -13.44% over the last year.

- Recent Developments: announced that Steven G. Stewart is retiring as Headwaters' Chief Financial Officer (Dec 2010). Issued FY 2011 EBITDA guidance below analysts' estimates (Nov 2010).

Source: 15 Rallying Stocks With Insider Buying