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5 Stocks With Big Insider Buying

NuStar Energy

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Another stock that insiders are loading up on here is NuStar Energy (NS - Get Report), which is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. Insiders are finding some value here, since shares are down by over 10% in the last six months.

NuStar Energy has a market cap of $3.56 billion and an enterprise value of $6.18 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 17.99. Its estimated growth rate for this year is -46.4%, and for next year it's pegged at 87.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $34.15 million and its total debt is a whopping $2.66 billion.

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A director just bought 490,000 shares, or around $23.98 million worth of stock, at $48.94 per share.

From a technical perspective, NS is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock recently topped out at around $54 a share, and subsequently plunged to its recent low of $48.44 a share. That plunge also included a large gap down with monster volume. Since that sharp move lower, shares of NS have started to rebound and it filled that gap towards its current price of near $50 a share. That move has now pushed NS within range of triggering a near-term breakout trade.

If you're bullish on NS, then I would look for long-biased trades once it manages to break out above some near-term overhead resistance at $50.65 a share and then above its 50-day at $51.74 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 action of 295,928 shares. If that breakout triggers soon, then NS will have a great chance of re-testing or possibly taking out its 200-day moving average of $53.37 a share, and that stiff overhead resistance area at $54 a share.
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AGCO $50.83 -1.45%
BRKR $27.20 -1.63%
NS $48.94 0.07%
ODP $5.94 -1.82%
RGDX $0.01 7.69%


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