5 Stocks Insiders Are Snapping Up

Universal Display

A technology stock that insiders are jumping into here is Universal Display (PANL), which is engaged in the research, development and commercialization of organic light emitting diode technologies and materials. Insiders are buying this stock into strength, since shares are up sharply by 30% so far in 2013.

Universal Display has a market cap of $1.55 billion and an enterprise value of $1.24 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 158.90 and a forward price-to-earnings of 22.40. Its estimated growth rate for this year is 195.2%, and for next year it's pegged at 140.3%. This is a cash-rich company, since the total cash position on its balance sheet is $243.94 million and its total debt is zero.

A beneficial owner just bought 77,580 shares, or about $2.17 million worth of stock, at $27.91 to $28.09 per share.

From a technical perspective, PANL is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $21.55 to its recent high of $34.47 a share. During that uptrend, shares of PANL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PANL within range of triggering a major breakout trade.

If you're bullish on PANL, then look for long-biased trades as long as it's trending above its 200-day at $31.75, and then once it breaks out above some near-term overhead resistance levels at $34.47 to $34.54 a share and above $35.60 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 1.10 million shares. If that breakout triggers soon, then PANL will set up to re-test or possibly take out its next major overhead resistance levels at $40 to $44.42 a share.

Murphy Oil

« First ‹ Previous 1 2 3 4 5 6 Next › Last »