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5 Stocks Insiders Love Right Now


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A computer services player that insiders are warming up to here is Tucows (TCX - Get Report), which is focused on serving the needs of network of resellers by providing services, interfaces, customer service, reseller-oriented technology and design and development processes. Insiders are buying this stock into some decent strength, since shares are up over 50% so far in 2012.

Tucows has a market cap of $52.34 million and an enterprise value of $52.75 million. This stock trades at a cheap valuation, with a trailing price-to-earnings of 8.03 and a forward price-to-earnings of 10.36. Its estimated growth rate for this year is 100%, and for next year it's pegged at 10%. This is not a cash-rich company, since the total cash position on its balance sheet is $4.51 million and its total debt is $4 million.

>>4 Tech Stocks Spiking on Big Volume

A director just bought 277,935 shares, or about $319,000 worth of stock, at $1.11 per share.

From a technical perspective, TCX is currently above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock plunged in June from $1.72 a share to $1.02 a share. During that move lower, shares of TCX were consistently making lower highs and lower lows, which is bearish technical price action. That said, the stock has now formed a double bottom at around $1.02 to $1 a share, and it's started to challenge its 50-day moving average of $1.16 a share.

If you're bullish on TCX, then I would look for long-biased trades once this stock manages to trigger a near-term breakout trade above a key downtrend line at $1.23 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 291,075 shares. If that breakout triggers soon, then TCX will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $1.34 to $1.43 a share.

Keep in mind that one could anticipate that breakout and also buy TCX off any weakness as long as it holds $1 a share. If you buy off weakness, then I would add to the position once $1.23 to $1.29 is taken out with volume.
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FRX $99.00 -0.77%
EQY $28.81 0.00%
PLCE $77.21 0.00%
SONS $8.52 0.00%
TCX $24.64 0.24%


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