One more stock with some decent insider buying is Relm Wireless (RWC), which is engaged in the designing, manufacturing and marketing wireless communications products consisting of two-way land mobile radios, repeaters, base stations and related components and subsystems. Insiders are buying this stock into big time strength, since shares are up 101% so far in 2013.
Relm Wireless has a market cap of $46 million and an enterprise value of $41 million. This stock trades at a fair valuation, with a trailing price-to-earnings of 16.16. Its estimated growth rate for the current quarter is -33.3%, and for this year its 33.3%. This is a cash-rich company, since the total cash position on its balance sheet is $4.52 million and its total debt is zero.>>4 Big Tech Stocks on Traders' Radars A beneficial owner just bought 57,061 shares, or about $190,000 worth of stock, at $3.29 per share. That same beneficial owner also just bought 64,657 shares, or about $199,000 worth of stock, at $3 to $3.17 per share. From a technical perspective, RWC 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 two months, with shares moving higher from its low of $2.62 to its intraday high of $3.48 a share. During that move, shares of RWC have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RWC within range of triggering a major breakout trade. If you're bullish on RWC, then look for long-biased trades as long as this stock is trending above its 50-day at $3.09 or above more support at $2.80 and then once it breaks out above its 52-week high at $3.74 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 69,842 shares. If that breakout triggers soon, then RWC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4.50 to $5 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 Delafield, Wis.
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