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5 Stocks Insiders Love Right Now

Stocks in this article: IMAX GEVA DECK PAY HSON

Hudson Global

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Another stock with some interesting insider buying is Hudson Global (HSON), which provides specialized professional-level recruitment and related talent solutions worldwide. Insiders are buying this stock into some notable weakness, since shares are off by around 18% so far in 2012.

Hudson Global has a market cap of $143 million and an enterprise value of $113.14 million. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 18.71 and a forward price-to-earnings of 12.83. Its estimated growth rate for this year is -147.1%, and for next year it's pegged at 318.8%. This is a cash-rich company, since the total cash position on its balance sheet is $24.93 million and its total debt is $1.04 million.

A beneficial owner just bought 112,400 shares, or about $443,000 worth of stock, at $3.95 per share. The same beneficial owner also just bought 150,000 shares, or about $605,000 worth of stock, at $4.03 per share.

From a technical perspective, HSON is currently trading above its 50-day moving average and below its 200-day moving averages which is neutral trendwise. This stock took a dive off its April high of $5.98 to its recent low of $3.23 a share. During that large move lower, shares of HSON were consistently making lower highs and lower lows, which is bearish technical price action. That said, the stock formed a double bottom in mid-June at around $3.23 to $3.30 a share. Since marking that bottom, shares of HSON have soared back above its 50-day moving average of $3.96 a share.

If you're bullish on HSON, then I would look for long-biased trades once this stock takes out its 200-day moving average of $4.61 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 107,522 shares. If we get that move soon, then look for HSON to trade back towards its next significant overhead resistance levels at $5.72 to $5.98 a share. It's possible that HSON could pull back to its 50-day at $3.96 a share before it challenges its 200-day.

I would simply avoid HSON if it fails to trigger that breakout, and then moves back below its 50-day moving average at $3.96 and some more near-term support at $3.78 a share with heavy volume. If we get that move, then HSON could easily re-test its previous double bottom price levels at $3.30 to $3.32 a share. Any move below its 52-week low of $3.05 share should be considered bearish technical price action.

To see more stocks with notable insider buying, including Holly Energy (HEP), Westport Innovations (WPRT) and Vistaprint (VPRT), 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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