This Day On The Street
Continue to site
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

5 Stocks Insiders Love Right Now

Acorn Energy

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

Get Adobe Flash player

Another technology player that insiders are active in here is Acorn Energy ( ACFN), which provides digital solutions for energy infrastructure asset management. Insiders are buying this stock into major weakness, since shares are off by 56% so far in 2013.

>>5 Dogs of the Dow to Stomp the Market

Acorn Energy has a market cap of $62 million and an enterprise value of $45 million. This stock trades at a reasonable valuation, with a price-to-sales of 2.98 and a price-to-book of 1.56. Its estimated growth rate for this year is -11.8%, and for next year it's pegged at 50%. This is a cash-rich company, since the total cash position on its balance sheet is $13.35 million and its total debt is just $251,000. This stock currently sports a 4.3% dividend yield.

A director just bought 80,000 shares, or $228,000 worth of stock, at $2.85 per share.

From a technical perspective, ACFN is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last four months, with share plunging from its high of $9.90 to its recent low of $2.85 a share. During that downtrend, shares of ACFN have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of ACFN have now entered oversold territory, since its current relative strength index reading is 33.31. Oversold can always get more oversold, but it's also an area where a stock can rebound sharply higher from.

If you're in the bull camp on ACFN, then look for long-biased trades as long as this stock is trending above some near-term support at $3.21 and then once it breaks out above some near-term overhead resistance at $3.59 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 213,249 shares. If that breakout triggers soon, then ACFN will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to its 50-day moving average at $5.37 a share. This stock could even hit $6 if we see big volume move in here on that breakout.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ACFN $0.14 0.00%
ACCL $12.51 0.24%
EVEP $1.96 -2.00%
SCTY $16.67 -10.52%
RHP $46.07 -1.24%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs