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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

5 Stocks With Big Insider Buying

Jabil Circuit

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

Get Adobe Flash player

One more stock to consider with some decent insider buying is Jabil Circuit (JBL), which provides electronic design, production, product management and aftermarket services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, solar, storage and telecommunications industries. Insiders are buying this stock into some notable weakness, since shares are down by just over 20% in the last six months.

>>3 Tech Stocks Hedge Funds Are Buying

Jabil Circuit has a market cap of $3.52 billion and an enterprise value of $3.97 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 9.14 and a forward price-to-earnings of 5.84. Its estimated growth rate for this year is 6.2%, and for next year it's pegged at 14.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $1.22 billion and its total debt is $1.68 billion.

A director just bought 13,000 shares, or around $222,000 worth of stock, at $17.16 to $17.19 per share.

From a technical perspective, JBL is currently trading well below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last two months, with shares plunging from a high of $23.95 to its recent low of $16.82 a share. During that downtrend, shares of JBL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, JBL may be starting to mark a bottom since the stock has started to find some buying interest at $16.82 to $16.84 a share.

If you're bullish on JBL, then I would look for long-biased trades as long as it's trending above $16.82, and then once it breaks out above some near-term overhead resistance at $17.87 a share with high volume. Look for a sustained move or close above $17.87 with volume that hits near or above its three-month average action of 3,248,820 shares. If JBL triggers that breakout soon, then look for this stock to setup to re-test or possibly take out its next major overhead resistance levels at $18.50 to $19 a share, or possible even $20 to $20.50 a share.

To see more stocks with notable insider buying, check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.

Stock quotes in this article: THC, HNSN, CYTR, BLK, JBL 
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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