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5 Stocks Insiders Are Scooping Up

Stocks in this article: DVA HNSN DRI AEGR SHLD

DaVita HealthCare Partners

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One more stock with huge insider buying is DaVita HealthCare Partners (DVA), operates kidney dialysis centers and provides related lab services mainly in dialysis centers and in contracted hospitals across the U.S. Insiders are buying this stock into modest strength, since shares are up by 12.6% in the last six months.

>>5 Stocks Poised for Stellar Sales Growth in 2013 DaVita HealthCare Partners has a market cap of $10.60 billion and an enterprise value of $15.90 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 20.16 and a forward price-to-earnings of 15.05. Its estimated growth rate for this year is 23.4%, and for next year it's pegged at 19.6%. This is not a cash-rich company, since the total cash position on its balance sheet is $388.03 million and its total debt is a whopping $5.76 billion.

A beneficial owner just bought 179,300 shares, or $19.66 million worth of stock, at $109.40 to $110.35 per share. That same beneficial owner also just bought 187,898 shares, or $20.58 million worth of stock, at $109.21 to $109.76 per share.

From a technical perspective, DVA is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways for the last month and change, with shares moving between $107.99 on the downside and $112.79 on the upside. A move above the upper-end of that recent sideways trading pattern will give shares of DVA a chance to break out and head higher.

If you're bullish on DVA, then I would look for long-biased if this stock manages to break out above some near-term overhead resistance levels at $112.79 to $114.93 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 1.1 million shares. If that breakout triggers soon, then DVA will set up to re-test or possibly take out its 52-week high of $116.50 a share. Any high-volume move above $116.50 will then give shares of DVA a chance to trend north of $120 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.

-- 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 and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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