EVERI HOLDINGS INC. (EVRI)

[Minddoc7]

5 Stocks With Big Insider Buying -- Should You Love Them Too?
By Roberto Pedone Follow @TheStreet 11/04/15 - 10:39 AM EST

Everi Holdings(EVRI)

One financial player that insiders are loading up on here is Everi Holdings (EVRI) which provides cash access services and related equipment and services to the gaming industry. Insiders are buying this stock into notable weakness, since shares have plunged by 31.9% over the last six months.
Everi Holdings has a market cap of $329 million and an enterprise value of 1.3 billion. This stock trades at a cheap valuation, with a forward price-to-earnings of 4.9. Its estimated growth rate for this year -10.2%, and for next year it's pegged at 27.8%. This is not a cash-rich company, since the total cash position on its balance sheet is $174.60 million and its total debt is $1.17 billion.
A beneficial owner just bought 186,957 shares, or about $815,000 worth of stock, at $4.19 to $4.77 per share.
From a technical perspective, Everi Holdings is currently trending above its 50-day moving average and well below its 200-day moving average, which is neutral trendwise. This stock has just started to spike back above both its 20-day moving average of $4.89 and its 50-day moving average of $4.99 a share with decent upside volume flows. That spike is now starting to push shares of Everi Holdings within range of triggering a big breakout trade above some key near-term overhead resistance levels.
If you're bullish on Everi Holdings, then I would look for long-biased trades as long as this stock is trending above some near-term support at around $4.50 a share and then once it breaks out above some near-term overhead resistance at $5.35 to $5.41 a share and then above more key resistance at $5.62 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 547,560 shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.25 to its 200-day moving average of $6.66 a share.