This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks With Big Insider Buying

Audience

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One semiconductor stock that insiders are active in here is Audience (ADNC), a provider of intelligent voice and audio solutions that improve voice quality and the user experience in mobile devices. Insiders are buying this stock into big time strength, since shares are up 39% so far in 2013.

Audience has a market cap of $303 million and an enterprise value of $163 million. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 22.38 and a forward price-to-earnings of 22.31. Its estimated growth rate for this year is -34.1%, and for next year it's pegged at 12.1%. This is a cash-rich company, since the total cash position on its balance sheet is $127.64 million and its total debt is just $5.29 million.

>>5 Rocket Stocks Getting Ready for Blastoff

The CFO just bought 50,000 shares, or about $659,000 worth of stock, at $13.10 to $13.25 per share.

From a technical perspective, ADNC is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently formed a double bottom chart pattern at $12.35 to $12.44 a share. Since marking that bottom, shares of ADNC have moved higher back above its 50-day and 200-day moving averages, and it's now quickly moving within range of triggering a near-term breakout trade.

If you're bullish on ADNC, then I would look for long-biased trades as long as it's trending above its 50-day at $12.91 and then once it breaks out above some near-term overhead resistance at $15 a share with high volume. Look for a sustained move or close above $15 with volume that hits near or above its three-month average action of 193,508 shares. If that breakout triggers, then ADNC will set up to re-test or possibly take out its next major overhead resistance level at $16.45 a share. Any high-volume move above $16.45 will then give ADNC a chance to re-fill some of its previous gap down zone from last September that started near $19 a share.
2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ADNC $4.89 -0.41%
DRC $85.18 0.01%
FSYS $6.22 0.00%
NVAX $12.06 0.00%
TPLM $3.71 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs