From a technical perspective, JNS is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending for the last two months, with shares dropping from $9.52 to its recent low of $7.86 a share. During that downtrend, shares of JNS have been mostly making lower highs and lower lows, which is bearish technical price action. That said, the stock has recently started to find some buying support just below $8 share.
If you're in the bull camp on JNS, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance levels at $8.10 to $8.81 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 3,011,480 shares. If that breakout triggers soon, then JNS will set up to re-test or possibly take out its next major overhead resistance levels at $9.52 to $9.71 a share. Any high-volume move above those levels will then put $10 to $11 into focus for JNS.
Kinder Morgan Management
The last name to consider with some decent insider buying is oil well services and equipment player Kinder Morgan Management (KMR). This company operates as a pipeline transportation and energy storage company in North America. Its pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and other products. This stock has traded flat so far in 2012, with shares down by just 7.9%.Kinder Morgan Management has a market cap of $8.22 billion and an enterprise value of $8.19 billion. This stock trades at a fair valuation, with a forward price-to-earnings of 28.51. Its estimated growth rate for this year is 34.8%, and for next year it's pegged at 15.4%. The CEO and chairman of the board bought 20,000 shares, or around $1.54 million worth of stock, at $72.74 per share. From a technical perspective, KMR is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending for the last month and change, with shares falling from $79 to its recent low of $70.71 a share. During that downtrend, shares of KMR have been mostly making lower highs and lower lows, which is bearish technical price action. That move has now pushed KMR near oversold levels, since its current relative strength index (RSI) reading is now 32.
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