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5 Stocks Insiders Love Right Now

AmeriGas Partners

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One final stock in the oil and gas complex where insiders are buying up stock in is AmeriGas Partners (APU). This company is a retail propane distributor in the United States. Insiders are buying into some weakness here since the stock is down 11% so far in 2012.

AmeriGas Partners has a market cap of $3.5 billion and an enterprise value of $4.5 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 22.79 and a forward price-to-earnings of 18.72. Its estimated growth rate for next quarter is -300%, and for this year it's pegged at -103%. This is not a cash-rich company, since the total cash position on its balance sheet is $58.76 million and its total debt is a whopping $1.16 billion.

A chairman of the board and director just bought 4,000 shares, or $161,000 worth of stock, at $40.29 per share.

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From a technical perspective, APU is currently below both its 50-day and 200-day moving averages, which is bearish. This stock recently dropped big from around $45 to a low of $39.60 a share on monster volume. Since that sizeable decline, APU has been able to hold above that $39.60 low, and it has trended higher and moved within near-term breakout range.

If you're bullish on APU, I would look for long-biased trades once this stock triggers a near-term breakout above $41 a share with high volume. Look for volume on a move above that level that registers near or well above 287,474 shares. If we get that action soon, then look for APU to make a solid pop back towards its 200-day at $42.53 or its 50-day at $43.20 in the very near future. I would simply avoid any long biased trades on APU if this stock trends back below that recent low of $39.60 with high-volume.

To see more stocks with notable insider buying, including Cracker Barrel Old Country (CBRL), Spectrum Brands (SPB) and Basic Energy Services (BAS), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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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 Beconequity.com and maintains the website Maddmoney.net, 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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