Dex Media

One more stock with some big insider buying is Dex Media ( DXM), which provides local, social and mobile marketing solutions through direct relationships with local businesses under the Dex One and SuperMedia brands in the U.S. Insiders are buying this stock into big time strength, since shares are up 81% so far in 2013.

Dex Media has a market cap of $203 million and an enterprise value of $2 billion. This stock trades at a cheap valuation, with a price-to-sales of 0.15. This is not a cash-rich company, since the total cash position on its balance sheet is $138 million and its total debt is $1.96 billion.

A beneficial owner just bought 352,205 shares, or about $5.97 million worth of stock, at $16.91 to $17.07 per share.

From a technical perspective, DXM 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 month, with shares soaring higher from $10.01 to its recent high of $23.86 a share. During that uptrend, shares of DXM have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DXM within range of triggering a near-term breakout trade.

If you're bullish on DXM, then look for long-biased trades as long as this stock is trending above some key near-term support at $18.52 and then once it breaks out above some near-term overhead resistance levels at $22 to its 52-week high at $23.86 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 687,600 shares. If that breakout triggers soon, then DXM will set up to enter new 52-week-high territory above $23.86, which is bullish technical price action. Some possible upside targets off that move are $28 to $30 a share, or even $35 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 Madison, Wis.


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

Roberto Pedone, based out of Madison, 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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