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TheStreet Open House

5 Stocks Insiders are Buying This Week

Stocks in this article: SPBMNKDUTHRSNTSHMA

If you're in the bull camp on SNTS, then I would look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $11.76 a share with high volume. Look for a sustained move or close above $11.76 a share with volume that registers near or above its three-month average action of 779,339 shares. If that breakout triggers soon, then SNTS will set up to enter new 52-week high territory, which is bullish technical price action.

Traders can also look to buy SNTS off any pullback that pushes the stock back towards its 50-day at $9.70 a share to anticipate that breakout.

Health Management Associates

The last name to consider with some huge insider buying is healthcare facilities player Health Management Associates (HMA). This company provides health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Insiders are buying this stock into strength, since shares are up 37% during the last six months.

Health Management Associates has a market cap of $2.36 billion and an enterprise value of $5.84 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 16.09 and a forward price-to-earnings of 10.36. Its estimated growth rate for this year is -5.7%, and for next year it's pegged at 8.5%. This is not a cash-rich company, since the total cash position on its balance sheet is $181.79 million and its total debt is $3.68 billion.

A beneficial owner just bought 4,980,227 shares, or about $45.62 million worth of stock, at $9 to $9.19 per share.

From a technical perspective, HMA is currently trending well above both its 50-day and 200-day moving averages, which is bullish. This stock recently spiked big right off its 200-day moving average of $7.35 a share. Following that spike, shares of HMA went on to soar to its recent high of $9.32 a share in just a few weeks.

If you're bullish on HMA, then I would look for long-biased if this stock manages to break out above some near-term overhead resistance $9.32 a share with high volume. Look for a sustained move or close above $9.32 a share with volume that hits near or above its three-month average action of 4,718,430 shares. If that breakout triggers soon, then HMA will set up to enter new 52-week high territory, which is bullish technical price action. Traders can also look to buy HMA off weakness on any move back towards its 50-day at $7.92 a share to anticipate that breakout.

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