If you're bullish on KMR, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance at $74.19 to $75.68 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 403,375 shares. If KMR triggers that breakout soon, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $76.50 to $78 a share. Any high-volume move above those levels will then put $78.61 to $79 into focus for KMR.
To see more stocks with notable insider buying like
(UNH), check out the
Stocks With Big Insider Buying portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com
. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.