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5 Stocks Insiders Love Right Now

Chef's Warehouse

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One final name with some decent insider buying is Chef's Warehouse ( CHEF), which supplies products such as specialty cheeses, truffles, seafood, cooking oils and flour to restaurants, country clubs, hotels, caterers, culinary schools and specialty food stores. Insiders are buying this stock into bullish strength, since shares are up 44% so far in 2013.

Chef's Warehouse has a market cap of $486.80 million. This stock trades at a fair valuation, with a trailing price-to-earnings of 31.78 and a forward price-to-earnings of 22.46. Its estimated growth rate for this year is 15%, and for next year it's pegged at 12%.

>>5 Hated Earnings Stocks You Should Love

A director just bought 30,000 shares, or $630,000 worth of stock, at $21 per share.

From a technical perspective, CHEF 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 three months, with shares moving higher from its low of $16.29 to its recent high of $24.10 a share. During that uptrend, shares of CHEF have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CHEF within range of triggering a big breakout trade.

If you're bullish on CHEF, then look for long-biased trades as long as this stock is trending above its 50-day at $22.28 or above more near-term support at $20.95, and then once it breaks out above its 52-week high at $24.10 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 o 123,609 shares. If that breakout triggers soon, then CHEF will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $26 to its all-time high of $27.26 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.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and . You can follow Pedone on Twitter at or @zerosum24.
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GEVA $238.60 1.19%
WFT $7.99 -2.56%
CPRT $42.49 -1.21%
CHEF $19.10 -0.68%
NSH $24.27 -0.78%


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