Nature's Sunshine Products
One stock that insiders are jumping into here is Nature's Sunshine Products (NATR), which is primarily engaged in the manufacturing and direct selling of nutritional and personal care products. This stock hasn't done much so far in 2012, with shares up by just 2%.
Nature's Sunshine Products has a market cap of $254 million and an enterprise value of $191 million. This stock trades at cheap valuation, with a trailing price-to-earnings of 13 and a forward price-to-earnings of 8.68. Its estimated growth rate for this year is 7%, and for next year it's pegged at 2.7%. This is a cash-rich company, since the total cash position on its balance sheet is $68.63 million and its total debt is just $7.55 million.>>4 Stocks Under $10 Making Big Moves A director and beneficial owner just bought 202,007 shares, or about $3.21 million worth of stock, at $15.90 to $15.95 per share. That same director also just bought 208,109 shares, or about $3.22 million worth of stock, at $15.39 to $15.90 per share. From a technical perspective, NATR is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last two months, with shares rising from a low of $13.63 to its recent high of $16.58 a share. During that uptrend, shares of NATR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed NATR within range of triggering a major breakout trade. If you're bullish on NATR, then I would look for long-biased trades once it breaks out above some key overhead resistance levels at $16.58 to $18.37 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 33,967 shares. If that breakout triggers soon, then NATR will have a great chance to re-test or possibly take out its next major overhead resistance level at $21.01. Traders can look to buy NATR off any weakness as long as it doesn't breach its 200-day moving average of $15.15 a share with heavy volume. I would look to add to the position if you buy off weakness once NATR takes out $18.37 with strong upside volume.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV