This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Insiders Love Right Now

Charming Shoppes

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Insiders are snapping up a solid amount of shares in Charming Shoppes (CHRS), a multi-brand, specialty apparel retailer with a market share in women's plus-size specialty apparel. Insiders are buying into strength since shares of Charming Shoppes are up over 11% so far in 2012.

Charming Shoppes has a market cap of $631 million and an enterprise value of $614 million. This stock trades at a reasonable valuation, with a price-to-sales of 0.31 and a price-to-book of 1.47. This is barley a cash-rich company, since the total cash position on its balance sheet is $157.75 million and its total debt is $143.08 million.

A beneficial owner just bought 291,900 shares, or $1.52 million worth of stock, aT $5.20 to $5.22 per share.

From a technical perspective, CHRS is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently triggered a big breakout trade once it moved above some near-term overhead resistance at $5 to $5.07 a share. Since triggering that breakout, the stock has run up towards its current price of just over $5.50 a share.

If you're bullish on CHRS, I would continue to look for long-biased trades as long as the stock continues to tend above those recent breakout levels, and its 50-day moving average of $4.99 a share. As long as those levels can hold, then this stock has a great chance of re-test its next significant overhead resistance levels at $6 to $6.91 a share in the very near future.

One big bet on Charming Shoppes comes from Leon Cooperman's Omega Advisors, which increased its position in the stock by 47% in the fourth quarter, to 12.1 million shares.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ALNY $104.76 0.22%
GILD $106.57 0.20%
OPK $10.84 -2.08%
XL $38.18 -0.08%
CHRS $29.96 1.25%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs