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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks With Big Insider Buying

Summit Midstream Partners

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Another energy player that insiders are loading up on here is Summit Midstream Partners (SMLP), which is engaged in owning and operating midstream energy infrastructure that is located in North America. Insiders are buying this stock into big time strength, since shares are up 73% so far in 2013.

>>4 Stocks Under $10 Making Big Moves

Summit Midstream Partners has a market cap of $1.67 billion and an enterprise value of $1.89 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 75.93 and a forward price-to-earnings of 20.17. Its estimated growth rate for this year is 47.3%, and for next year it's pegged at 26.1%. This is not a cash-rich company, since the total cash position on its balance sheet is $2.82 million and its total debt is $214.23 million. This stock currently sports a dividend yield of 4.9%.

A director just bought 3.1 million shares, or about $97.98 million worth of stock, at $31.53 per share.

From a technical perspective, SMLP is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending very strong for the last six months, with shares soaring higher from its low of $18.04 to its intraday high of $35.40 a share.

If you're in the bull camp on SMLP, then look for long-biased trades as long as this stock is trending above some key near-term support at $32.52 and then once it takes out its previous all-time high at $35.40 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average action of 59,463 shares. If that breakout triggers soon, then SMLP will set up to enter new all-time-high territory, which is bullish price action. Some possible upside targets off that move are $40 to $43 a share.

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