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Another name that insiders are loading up on is investment services player
NYSE Euronext(NYX), a global operator of financial markets and provider of trading technologies. Insiders are buying into strength here since shares of NYSE Euronext are up over 12% so far on the year.
NYSE Euronext has a market cap of $7.6 billion and an enterprise value of 9.26 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 12.4 and a forward price-to-earnings of 9.4. Its estimated growth rate for this year is 5.2%, and for next year it's pegged at 18.4%. This is not a cash-rich company, since the total cash position on its balance sheet is $432 million and its total debt is $2.08 billion.
The chairman of the board and a director just
bought 52,125 shares, or around $1.5 million worth of stock, at $28.78 per share.
>>5 Stocks Poised for Breakouts
From a technical perspective, NYX is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently found some big buying support at around $24.85 to $26 a share. Now this stock has started to trigger a major breakout with shares moving above some near-term overhead resistance at $28.60 a share. That breakout pushed the stock into levels not seen since last August.
If you're bullish on NYX, then I would look for long biased trades as long as this stock is trending above $28.60 a share, and the upside volume is tracking in strong. One could even be a buyer once the next major breakout is triggered on a high-volume move over some near-term overhead resistance at $29.69. Look for a volume on a move above that level that registers near or well above its three-month average action of 2,806,230 shares.