One more stock to consider is real estate investment trust Rouse Properties (RSE - Get Report), which owns and manages regional malls in the U.S. Insiders are buying this stock into notable strength, since shares are up 24% during the last six months.
Rouse Properties has a market cap of $886 million and an enterprise value of $2.13 billion. This stock trades at a cheap valuation, with a price-to-sales of 3.80 and a price-to-book of 1.67. This is not a cash-rich company, since the total cash position on its balance sheet is $8.09 million and its total debt is $1.22 billion.The CEO just bought 15,000 shares, or about $252,000 worth of stock, at $16.86 per share. From a technical perspective, RSE is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently broke out above its 50-day moving average of $17.41 a share and above some near-term overhead resistance at $17.52 a share with heavy upside volume. That move is quickly pushing shares of RSE within range of triggering another near-term breakout trade. If you're bullish on RSE, then look for long-biased as long as this stock is trending above its 50-day moving average of $17.41, and then once it breaks out above some near-term overhead resistance levels at $18 to $18.78 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 224,741 shares. If that breakout hits soon, then RSE will set up to enter new 52-week-high and all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $23 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.
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