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

SeaChange International

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

Get Adobe Flash player

One stock that has seem some sizable insider buying recently is SeaChange International (SEAC - Get Report), which is engaged in the delivery of multi-screen video. Insiders are hitting the bid on this stock into strength since shares are up 17% so far in 2012.

SeaChange International has a market cap of $270 million and an enterprise value of $183 million. This stock trades at a cheap valuation, with a forward price-to-earnings of 10.34. Its estimated growth rate for this year is 26.1%, and for next year it's pegged at 37.9%. This is a cash-rich company, since the total cash position on its balance sheet is $88.44 million and its total debt is zero.

A director just bought 150,000 shares, or $1.21 million worth of stock, at $8.12 per share.

>>6 Tech Stocks That Rate Better Than Apple

From a technical perspective, SEAC is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock recently found some big buying support at around $6.80, and since then it has run-up to its current price of $8.27 a share. That move has pushed SEAC within range of triggering a near-term breakout trade.

If you're bullish on SEAC, I would look for long-biased trades if this stock can manage to break out above some near-term overhead resistance at $8.45 to $8.50 a share with high volume. Look for volume on that move that's near or well above its three-month average volume of 154,354 shares. If we get that action soon, then watch for SEAC to trigger an even bigger breakout over $8.88 a share. If SEAC can manage to take out all of those levels with volume, then look for a move towards $10 to $11 a share in the near future.

I would avoid any long trades in SEAC if this stock fails to trigger that breakout, and then drops back below some near-term support $7.70 to $7.58 (its 50-day) a share with heavy volume. A move below those levels with volume will set this stock up for much lower prices in the near-term.
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
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
Only $49.95
14-Days Free
14-Days Free
CALL $6.05 -0.33%
GBX $27.06 1.35%
SEAC $3.53 0.86%
USAP $13.08 2.51%
AAPL $92.72 -0.56%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs