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5 Stocks With Big Insider Buying


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A stock in the natural gas utilities complex that insiders are snapping up here is UGI (UGI - Get Report), which, through its subsidiaries, distributes and markets energy products and related services in the U.S. and internationally. Insiders are buying this stock into some modest strength here, since shares are up 14% in the last six months.

UGI has a market cap of $3.49 billion and an enterprise value of $6.89 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 18.35 and a forward price-to-earnings of 12.41. Its estimated growth rate for this year is -13.8%, and for next year it's pegged at 38.1%. This is far from a cash-rich company, since the total cash position on its balance sheet is $402.40 million and its total debt is a whopping $3.8 billion. This company currently sports a dividend yield of 3.6%.

A director just bought 35,000 shares, or about $1.06 million worth of stock, at $30.36 per share.

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From a technical perspective, UGI is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last four months, with shares soaring from $26.06 to its 52-week high of $31.51 a share. During that uptrend, shares of UGI have been mostly making higher lows and higher highs, which is bullish price action. That move has now pushed UGI within range of triggering a near-term breakout trade.

If you're in the bull camp on UGI, then I would look for long-biased trades once this stock manages to trigger a near-term breakout trade above $31.28 to $31.51 a share, and then above its 2011 high of $32.04 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 694,123 shares. If that breakout triggers soon, then look for UGI to hit $35 a share or higher. Keep in mind you can buy UGI off any weakness with a stop just below its 50-day at $29.94, and simply anticipate that breakout.

I would avoid UGI or look for short-biased trades if it fails to trigger that breakout soon, and then drops back below its 50-day moving average of $29.94 a share, and below more near-term support at $29.72 with heavy volume. If we get that action, then UGI could easily setup to re-test its 200-day moving average of $28.29 a share, or possible trend much lower.
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