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5 Stocks Insiders Love Right Now

Anadarko Petroleum

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One large-cap oil and gas player whose insiders are doing some decent buying is Anadarko Petroleum (APC), an independent exploration and production company. Insiders are buying into some mild strength here since the stock is up just over 6% so far in 2012.

Anadarko Petroleum has a market cap of $40 billion and an enterprise value of $54 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 15.89. Its estimated growth rate for this year is 17.2%, and for next year it's pegged at 29.1%. This is far from a cash-rich company, since the total cash position on its balance sheet is $2.70 billion and its total debt is a whopping $16.43 billion.

A director just bought 10,000 shares, or around $841,000 worth of stock, at $84.19 per share.

From a technical perspective, APC is currently trading above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock just printed a lower high and dropped back below its 50-day moving average of $83.28. The trend right now for APC is down as the stock moves towards some near-term support levels at $80.73 to $77.50 a share.

If you're a bullish on APC, I would look to buy this stock into weakness that takes it down towards some near-term support levels at $77.50 to $76.86 (200-day) a share. I would simply use a mental stop right below $76.86 in case it doesn't hold. Those near-term support levels are important, so if they don't hold I would avoid any long trades in this stock for the time being.

One could also just buy off strength on a high-volume move back above its 50-day moving average of $83.28. Look for volume on that move that's near or well above its three-month average action 3.65 million shares.

Anadarko, one of John Paulson's holdings, shows up on a list of 10 Energy Stocks for 2012.

Stock quotes in this article: OPK, GNE, APC, WPRT, MKTG 

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