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5 Stocks With Big Insider Buying


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In the food processing sector, a key insider has done some notable buying in Snyder's-Lance (LNCE - Get Report), which manufactures, markets and distributes a variety of snack food products, including pretzels, sandwich crackers, chips, sugar wafers and nuts. Insiders must be seeing value here, with the stock down by around 14% so far in 2011.

This company has a market cap of $1.36 billion and an enterprise value of $1.62 billion. The stock trades at a reasonable valuation, with a forward price-to-earnings ratio of 16.25. Snyder's estimated growth rate for the next quarter is 8.7%, and for next year it's pegged at 50%. This is not a cash-rich company; its total cash position on their books is just $11.15 million, and it total debt is over $261 million.

The chairman of the board just bought 23,424 shares, or $477,836 worth of stock, between $20.20 and $20.45 per share. This same director has also been steadily buying large amounts of stock since March.

From a technical standpoint, this stock is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock recently formed a double top at $22.50 a share and has since then dropped back below those key moving averages I mentioned above.

If you're looking to buy this stock, I would get long off any weakness that takes it under $19 a share. Over the past year, that's been the best level to get into the stock and play it for a bounce back above $20. I would stop out of this trade if LNCE moves below some big near-term support at $18.30 a share.

Snyder's-Lance is one of the top-yielding food and beverage stocks.

To see more stocks with notable insider buying, including Zogenix (ZGNX), Alpha & Omega Semiconductor (ASOL) and Strategic Hotels & Resorts (BEE), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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