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5 Stocks Insiders Love Right Now


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In the software and programming complex, insiders are snapping up shares of Responsys (MKTG), a provider of on-demand software and professional services. Insiders are buying into some decent strength here since the stock is up 35% so far in 2012.

Responsys has a market cap of $570 million and an enterprise value of $453 million. This stock trades at a premium valuation, with a trailing price-to-earnings of 96.94 and a forward price-to-earnings of 40.07. Its estimated growth rate for this year is -4.8%, and for next year it's pegged at 50%. This is a cash-rich company, since the total cash position on its balance sheet is $94.76 million and its total debt is just $2.03 million.

A director just bought 25,000 shares, or $253,000 worth of stock, at $10.16 per share.

From a technical perspective, MKTG is currently above both its 50-day and 200-day moving averages, which is bullish. This stock recently dropped from $12.78 to $9.69, but has since rebounded towards its current price of $12.02 a share. That sharp snapback now puts MKTG within range of triggering a near-term breakout trade.

If you're bullish on MKTG, I would look for long biased trades as long as the stock is trending above its 200-day moving average of $11.99. I would also look for long biased trades once it breaks out above some near-term overhead resistance at $12.78 with volume. Look for volume on a move above that level that's near or well above its three-month average action of 371,500 shares.

Make note that volume on Wednesday was over 1 million shares and the sock rose 4.3%. If we get that high-volume breakout over $12.78 soon, then look for MKTG to make a run at its next significant overhead resistance levels at $14 to $16 a share.

To see more stocks with notable insider buying, including AutoNation (AN), Teledyne Technologies (TDY) and Lime Energy (LIME), 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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