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5 Stocks With Big Insider Buying

EverBank Financial

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One banking stock that insiders are loading up big on here is EverBank Financial (EVER - Get Report), which provides a range of financial products and services directly to customers through multiple business channels. Insiders are buying this stock into some decent strength, since shares are up around 14% so far in 2012.

EverBank Financial has a market cap of $1.42 billion and an enterprise value of $3.47 billion. This stock trades at fair valuation, with a trailing price-to-earnings of 31 and a forward price-to-earnings of 9.67. Its estimated growth rate for next year is 8.6%. This is not a cash-rich company, since the total cash position on its balance sheet is $518.23 million, and its total debt is $2.61 billion.

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A director just bought 967,076 shares, or about $11.66 million worth of stock, at $12.06 per share.

From a technical perspective, EVER is currently trending above its 50-day moving average, which is bullish. This stock has been uptrending strong for the last four months, with shares rising from $10.44 to its recent high of $12.59 a share. During that uptrend, shares of EVER have mostly made higher lows and higher highs, which is bullish technical price action. That move has now pushed EVER within range if triggering a major breakout trade.

If you're bullish on EVER, then I would look for long-biased trades once this stock breaks out above some near-term overhead resistance levels at $12.35 to $12.59 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 254,303 shares. If we get that action, then EVER will have a great chance of trending north of $13 a share.

Keep in mind that any move above $12.59 will push EVER into all-time-high territory, which is bullish technical price action.
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SYM TRADE IT LAST %CHG
AMAT $19.22 0.05%
CERN $69.06 1.22%
FDML $11.35 -1.73%
EVER $19.65 0.31%
SREV $5.47 3.21%

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

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