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
TheStreet Open House

5 Stocks With Big Insider Buying

Stock quotes in this article: ADNC, DRC, FSYS, TPLM, NVAX

Dresser-Rand Group

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

Get Adobe Flash player

Another stock that insiders are jumping into here is Dresser-Rand Group (DRC), a supplier of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power, military and other industries worldwide. Insiders are buying this stock into modest strength, since shares are up 5% so far in 2013.

>>5 Stocks Set to Soar on Bullish Earnings

Dresser-Rand Group has a market cap of $4.49 billion and an enterprise value of $5.32 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 25.20 and a forward price-to-earnings of 13.34. Its estimated growth rate for this year is 43%, and for next year it's pegged at 32.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $122.80 million and its total debt is $1.05 billion.

The CEO just bought 17,680 shares, or about $1 million worth of stock, at $57.02 per share.

From a technical perspective, DRC is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending modestly for the last month, with shares moving higher from its low of $55.45 to its intraday high of $59.50 a share. During that uptrend, shares of DRC have been consistently making higher lows and higher highs, which is bullish technical price action. That move has just started to push shares of DRC back above its 50-day moving average of $59.30 a share.

If you're in the bull camp on DRC, then look for long-biased as long as it's trending above its 50-day at $59.30 a share with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 528,130 shares as bullish. If this stock can maintain that trend, then DRC will set up to re-test or possibly take out its next major overhead resistance levels at $62.85 to $63.40.

3 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs