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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs