This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Stocks Insiders Love Right Now

Stocks in this article: DVAMCFRSGHZNPAGCO

Republic Services

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Another stock that insiders are very active in here is Republic Services (RSG), a provider of services in the domestic non-hazardous solid waste industry. Insiders are buying this stock into modest weakness here, since shares are down by around 10% in the last six months.

Republic Services has a market cap of $10.08 billion and an enterprise value of $17.05 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 15.18 and a forward price-to-earnings of 13.39. Its estimated growth rate for this year is -2.6%, and for next year it's pegged at 7.9%. This is far from a cash-rich company, since the total cash position on its balance sheet is $69.30 million and its total debt is a whopping $7.11 billion.

>>5 Dividend Stocks Ready to Give You a Raise

A beneficial owner just bought 1.7 million shares, or around $46.35 million worth of stock, at $27.33 to $27.40 per share.

From a technical perspective, RSG is currently trading above below both its 50-day and 200-day moving averages, which is bearish. This stock has been stuck in a sideways trading pattern for the last two months and change, with shares moving between $28.97 on the upside and $27.03 on the downside. A move outside of that trading pattern will likely setup the next major trend for RSG.

If you're bullish on RSG, then I would look for long-biased trades once it manages to break out above some near-term overhead resistance at $27.95 to $28.97 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 2,393,390 shares. If that breakout triggers soon, then RSG will have a great chance of re-testing or possibly taking out its next major overhead resistance level at $30.78 a share. Keep in mind that any move above $27.74 to $27.94 a share will push RSG back above both 200-day and 50-day moving averages, which is bullish price action.

One can look to buy RSG off any weakness to anticipate that breakout, and simply use a stop that sits just below some near-term support levels at $27.09 to $27.03 share. If buy off weakness, then I would add to the position once RSG starts to clear $27.95 to $28.66 a share with high volume, and then add again above $28.97 a share.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs